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Shares of Aspen Technology (NASDAQ:AZPN) have received an average rating of “Hold” from the eight brokerages that are currently covering the company, Analyst RN reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $48.52.

In other Aspen Technology news, CEO Antonio J. Pietri sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $42.84, for a total transaction of $428,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Aspen Technology (NASDAQ:AZPN) traded down 1.43% during mid-day trading on Friday, hitting $41.3595. 137,836 shares of the company’s stock traded hands. Aspen Technology has a 52-week low of $33.31 and a 52-week high of $48.39. The stock has a 50-day moving average of $44.34 and a 200-day moving average of $44.19. The company has a market cap of $3.775 billion and a price-to-earnings ratio of 45.61.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $96.61 million. On average, analysts predict that Aspen Technology will post $1.21 earnings per share for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Aspen Technology from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $50.60 price target on the stock.

Aspen Technology, Inc is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance, and supply chain planning.

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