Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $99.17.
Several brokerages recently commented on AZPN. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, August 14th. Robert W. Baird boosted their price objective on shares of Aspen Technology from $90.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Berenberg Bank cut their price target on shares of Aspen Technology from $127.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. KeyCorp boosted their price target on shares of Aspen Technology from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Finally, TheStreet raised shares of Aspen Technology from a “d-” rating to a “b” rating in a research note on Friday, October 26th.
In other news, insider Karl E. Johnsen sold 2,387 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $80.69, for a total value of $192,607.03. Following the completion of the sale, the insider now directly owns 35,058 shares in the company, valued at approximately $2,828,830.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio J. Pietri sold 7,095 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $77.49, for a total transaction of $549,791.55. Following the completion of the sale, the chief executive officer now owns 251,780 shares of the company’s stock, valued at $19,510,432.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,582 shares of company stock valued at $750,274. Company insiders own 0.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its holdings in Aspen Technology by 266.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after buying an additional 800 shares during the last quarter. Fort L.P. bought a new stake in Aspen Technology during the 2nd quarter valued at $118,000. Willingdon Wealth Management bought a new stake in Aspen Technology during the 3rd quarter valued at $121,000. Hexavest Inc. bought a new stake in Aspen Technology during the 3rd quarter valued at $168,000. Finally, Cerebellum GP LLC bought a new stake in Aspen Technology during the 3rd quarter valued at $179,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.
Shares of NASDAQ:AZPN opened at $86.30 on Monday. The company has a market cap of $6.11 billion, a P/E ratio of 41.89, a PEG ratio of 1.70 and a beta of 1.52. Aspen Technology has a 12 month low of $65.03 and a 12 month high of $118.86.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.52 by $0.12. The company had revenue of $114.17 million during the quarter, compared to analysts’ expectations of $113.49 million. Aspen Technology had a net margin of 30.96% and a negative return on equity of 168.12%. As a group, equities analysts forecast that Aspen Technology will post 3.07 EPS for the current year.
Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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