Brokerages Set Aspen Technology, Inc. (NASDAQ:AZPN) PT at $272.00

Shares of Aspen Technology, Inc. (NASDAQ:AZPN - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $272.00.

Several brokerages recently commented on AZPN. Loop Capital upgraded shares of Aspen Technology from a "hold" rating to a "buy" rating and upped their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Piper Sandler raised their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Baird R W cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Finally, StockNews.com assumed coverage on Aspen Technology in a research note on Thursday, March 6th. They issued a "hold" rating on the stock.

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Institutional Trading of Aspen Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZPN. Bailard Inc. lifted its holdings in shares of Aspen Technology by 0.9% during the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company's stock worth $1,134,000 after purchasing an additional 41 shares during the period. Net Worth Advisory Group lifted its stake in Aspen Technology by 1.0% during the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company's stock valued at $1,048,000 after acquiring an additional 41 shares during the period. Bessemer Group Inc. increased its stake in shares of Aspen Technology by 29.7% in the fourth quarter. Bessemer Group Inc. now owns 192 shares of the technology company's stock worth $48,000 after acquiring an additional 44 shares during the period. Commerce Bank raised its holdings in shares of Aspen Technology by 3.1% during the third quarter. Commerce Bank now owns 1,550 shares of the technology company's stock worth $370,000 after purchasing an additional 47 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company's stock valued at $431,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 45.66% of the company's stock.

Aspen Technology Stock Performance

Shares of Aspen Technology stock remained flat at $264.33 during trading hours on Monday. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology has a 1 year low of $171.25 and a 1 year high of $277.37. The stock's 50-day moving average is $260.52 and its two-hundred day moving average is $247.22.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, equities research analysts forecast that Aspen Technology will post 6.7 EPS for the current fiscal year.

About Aspen Technology

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.