Aspen Technology, Inc. (NASDAQ:AZPN) Receives $258.00 Consensus PT from Analysts

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $258.00.

AZPN has been the topic of several recent research reports. StockNews.com assumed coverage on shares of Aspen Technology in a research note on Friday, January 17th. They issued a “hold” rating on the stock. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC lifted its stake in Aspen Technology by 0.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 11,064 shares of the technology company’s stock valued at $2,762,000 after buying an additional 70 shares in the last quarter. Curated Wealth Partners LLC lifted its stake in Aspen Technology by 13.5% in the fourth quarter. Curated Wealth Partners LLC now owns 1,299 shares of the technology company’s stock valued at $324,000 after buying an additional 155 shares in the last quarter. Dakota Wealth Management bought a new position in Aspen Technology in the fourth quarter valued at approximately $262,000. Atomi Financial Group Inc. bought a new position in Aspen Technology in the fourth quarter valued at approximately $216,000. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in Aspen Technology by 6.4% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 2,964 shares of the technology company’s stock valued at $740,000 after buying an additional 179 shares in the last quarter. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Trading Up 1.6 %

Shares of NASDAQ AZPN opened at $255.55 on Friday. The firm has a market capitalization of $16.16 billion, a PE ratio of -440.60, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Aspen Technology has a 1 year low of $171.25 and a 1 year high of $256.00. The firm’s 50-day moving average is $249.82 and its 200-day moving average is $230.50.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.54). The business had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. As a group, equities research analysts anticipate that Aspen Technology will post 6.68 earnings per share for the current fiscal year.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.