Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) has earned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $217.40.
A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Aspen Technology from $189.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, September 19th. Loop Capital lifted their price objective on Aspen Technology from $175.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, June 15th. Robert W. Baird lifted their price objective on Aspen Technology to $182.00 in a research report on Monday, August 15th. StockNews.com raised Aspen Technology from a "sell" rating to a "hold" rating in a research report on Tuesday, July 12th. Finally, KeyCorp lifted their price objective on Aspen Technology from $175.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, July 8th.
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Aspen Technology Trading Up 1.8 %
Shares of NASDAQ:AZPN opened at $238.20 on Monday. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 63.52, a PEG ratio of 2.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 3.47. The stock's 50-day simple moving average is $215.43 and its two-hundred day simple moving average is $189.67. Aspen Technology has a 52-week low of $122.29 and a 52-week high of $240.56.
Aspen Technology (NASDAQ:AZPN – Get Rating) last announced its earnings results on Monday, August 8th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.13. The business had revenue of $238.90 million for the quarter, compared to analysts' expectations of $293.17 million. Aspen Technology had a return on equity of 8.23% and a net
margin of 31.82%. The business's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. Analysts expect that Aspen Technology will post 6.16 EPS for the current year.
Insider Buying and Selling
In other Aspen Technology news, VP F G. Hammond sold 4,262 shares of Aspen Technology stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $211.57, for a total value of $901,711.34. Following the sale, the vice president now owns 20,606 shares of the company's stock, valued at approximately $4,359,611.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.
Institutional Trading of Aspen Technology
Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Aspen Technology by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 293 shares of the technology company's stock worth $48,000 after acquiring an additional 80 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Aspen Technology in the 1st quarter worth approximately $50,000. Harvest Fund Management Co. Ltd increased its stake in Aspen Technology by 1,058.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 336 shares of the technology company's stock worth $55,000 after acquiring an additional 307 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of Aspen Technology by 20.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 332 shares of the technology company's stock valued at $61,000 after purchasing an additional 57 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its position in shares of Aspen Technology by 17.4% during the 1st quarter. MUFG Americas Holdings Corp now owns 431 shares of the technology company's stock valued at $71,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 93.73% of the company's stock.
About Aspen Technology
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Aspen Technology, Inc provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It offers artificial intelligence of things, aspen hybrid models, asset performance management, OSI digital grid management, and performance engineering; production optimization for commodity polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and value chain optimization for energy and polymers and specialty chemicals solutions.
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