Aspen Technology (NASDAQ: AZPN) recently received a number of ratings updates from brokerages and research firms:

  • 11/6/2017 – Aspen Technology is now covered by analysts at Bank of America Corporation. They set a “neutral” rating and a $67.00 price target on the stock.
  • 11/1/2017 – Aspen Technology was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Aspen Technology Inc. is a recognized expert and leading provider of award-winning process optimization software and services. AspenTech’s integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes, resulting in millions of dollars in cost savings. “
  • 10/31/2017 – Aspen Technology was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Aspen Technology Inc. is a recognized expert and leading provider of award-winning process optimization software and services. AspenTech’s integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes, resulting in millions of dollars in cost savings. “
  • 10/27/2017 – Aspen Technology had its price target raised by analysts at Canaccord Genuity from $62.00 to $63.00. They now have a “hold” rating on the stock.
  • 10/6/2017 – Aspen Technology was given a new $63.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.

Shares of Aspen Technology, Inc. (AZPN) opened at $66.18 on Tuesday. The stock has a market cap of $4,804.75, a price-to-earnings ratio of 30.81 and a beta of 1.23. Aspen Technology, Inc. has a fifty-two week low of $49.71 and a fifty-two week high of $68.32.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. Aspen Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. equities analysts expect that Aspen Technology, Inc. will post 1.77 EPS for the current fiscal year.

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.01, for a total transaction of $660,100.00. Following the completion of the transaction, the director now owns 25,559 shares of the company’s stock, valued at approximately $1,687,149.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP F G. Hammond sold 1,578 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total transaction of $102,570.00. Following the transaction, the vice president now directly owns 26,108 shares of the company’s stock, valued at approximately $1,697,020. The disclosure for this sale can be found here. Insiders sold 17,585 shares of company stock valued at $1,136,673 over the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

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