Aspen Technology, Inc. (NASDAQ:AZPN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $258.00.

Several equities research analysts recently commented on AZPN shares. StockNews.com started coverage on Aspen Technology in a report on Friday, January 17th. They set a “hold” rating on the stock. Robert W. Baird boosted their price objective on Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their target price on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th.

Hedge Funds Weigh In On Aspen Technology

Institutional investors have recently bought and sold shares of the stock. Quent Capital LLC lifted its stake in Aspen Technology by 364.9% during the third quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock valued at $41,000 after buying an additional 135 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Aspen Technology during the third quarter valued at approximately $48,000. GAMMA Investing LLC raised its holdings in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares during the period. Blue Trust Inc. lifted its position in shares of Aspen Technology by 7,575.0% in the 4th quarter. Blue Trust Inc. now owns 307 shares of the technology company’s stock valued at $73,000 after acquiring an additional 303 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Aspen Technology by 71.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company’s stock worth $77,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $255.76 on Friday. Aspen Technology has a 1-year low of $171.25 and a 1-year high of $259.85. The company has a market capitalization of $16.18 billion, a P/E ratio of -440.97, a PEG ratio of 2.91 and a beta of 0.76. The business’s fifty day moving average price is $250.25 and its two-hundred day moving average price is $231.09.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54). The company had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, research analysts expect 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.