UPDATE: Benchmark Raises PT to $25 on Aspen Technology

Benchmark raises its price target on Buy-rated Aspen Technology AZPN to $25 following highlights from the company's investor meeting suggesting that strategy is on the right track. Benchmark says, "We recently sponsored investor meetings in New York with Mark Fusco, CEO of Aspen Technology. As expected, there was no financial update, but incremental details about corporate strategy, competitive landscape and the overall tone of business emerged that suggest the Company's recent momentum is likely to continue for some time. Our meetings reinforce our confidence that the Company can meet or exceed our estimates over the next several quarters." AZPN closed at $21.44 a share on Tuesday.