Aspen Technology, Inc. (NASDAQ:AZPN) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $74.86.
AZPN has been the topic of several recent analyst reports. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. boosted their target price on Aspen Technology to $65.00 and gave the stock an “underweight” rating in a report on Wednesday, January 3rd. BidaskClub raised Aspen Technology from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Bank of America began coverage on Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Canaccord Genuity upped their price objective on Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, January 25th.
A number of large investors have recently bought and sold shares of the business. M&T Bank Corp lifted its holdings in Aspen Technology by 2.8% during the 2nd quarter. M&T Bank Corp now owns 5,834 shares of the technology company’s stock worth $322,000 after buying an additional 159 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Aspen Technology by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,326 shares of the technology company’s stock worth $2,836,000 after buying an additional 293 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Aspen Technology by 0.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 92,443 shares of the technology company’s stock worth $5,108,000 after buying an additional 807 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Aspen Technology by 2.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 38,799 shares of the technology company’s stock worth $2,437,000 after buying an additional 818 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aspen Technology by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock worth $297,000 after buying an additional 1,180 shares in the last quarter.
Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. The business had revenue of $124.90 million for the quarter, compared to the consensus estimate of $121.81 million. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. Aspen Technology’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. equities analysts expect that Aspen Technology will post 1.97 EPS for the current year.
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Aspen Technology Company Profile
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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