Is Aspen Technology (AZPN) A Smart Long-Term Buy?
Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Composite” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.35% was delivered by the fund for the first quarter of 2021, trailing its Russell 2500 Growth benchmark that delivered a 2.49% gain for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Polen Capital, in its Q1 2021 investor letter, mentioned Aspen Technology, Inc. (NASDAQ: AZPN), and shared their insights on the company. Aspen Technology, Inc. is a Bedford, Massachusetts-based software company that currently has a $9.5 billion market capitalization. Since the beginning of the year, AZPN delivered a 7.82% return, extending its 12-month gains to 38.12%. As of May 26, 2021, the stock closed at $140.44 per share.
Almost half of European and US pharmaceuticals companies struggle to use data insight despite recognising its importance
5 hours ago
Nearly half of pharmaceutical companies (48%) admit their competitiveness is suffering because they cannot extract or use insights from data they already have within their business. An equal percentage (48%) admit they do not use their own data for business decisions as well as they could.
The findings are from research among 300 senior decision-makers within the pharmaceutical industry in the UK, US, Germany, France, Spain and Sweden, conducted by Aspen Technology, a global leader in asset optimisation software.
The research also reveals how poor digital capabilities hit business performance. Almost half (49%) say their companies struggle to use data effectively to improve time to market.
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The Buzz Show: Featuring Our Corporate News Recap on “Aspen Technology, Inc. Surges After Expanding Application of Industrial AI”
Aspen Technology, Inc. (NASDAQ: AZPN) shares surged just under 5% in premarket trading after the company announced that it has extended Industrial AI across its leading solutions to drive higher levels of profitability and sustainability in customer operations.
Additionally, the Industrial AI Workbench will enable data scientists to collaborate with domain experts to develop AI apps based on enterprise-wide data and achieve new profitability and sustainability goals.
Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform au