StockNews.com assumed coverage on shares of Aspen Technology (NASDAQ:AZPN - Get Free Report) in a research note issued on Friday. The firm set a "hold" rating on the technology company's stock.
A number of other research firms have also commented on AZPN. Robert W. Baird raised their price target on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Loop Capital upped their target price on Aspen Technology from $204.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Piper Sandler raised their price target on Aspen Technology from $217.00 to $240.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Berenberg Bank cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $258.00.
Get Our Latest Research Report on Aspen Technology
Aspen Technology Price Performance
Aspen Technology stock traded up $0.61 during mid-day trading on Friday, hitting $251.57. 157,428 shares of the company's stock traded hands, compared to its average volume of 373,613. Aspen Technology has a fifty-two week low of $171.25 and a fifty-two week high of $254.44. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of -433.73, a P/E/G ratio of 2.84 and a beta of 0.76. The firm has a 50 day simple moving average of $249.64 and a two-hundred day simple moving average of $229.30.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The company had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same quarter last year, the company posted $0.96 EPS. The firm's quarterly revenue was down 13.4% on a year-over-year basis. On average, research analysts anticipate that Aspen Technology will post 6.68 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Aspen Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC boosted its position in Aspen Technology by 364.9% in 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 bought a new stake in shares of Aspen Technology during the third quarter worth about $48,000. GAMMA Investing LLC increased its stake in shares of Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock valued at $63,000 after buying an additional 58 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Aspen Technology by 71.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company's stock worth $77,000 after buying an additional 161 shares during the period. Finally, Anchor Investment Management LLC bought a new stake in Aspen Technology during the 3rd quarter worth approximately $77,000. 45.66% of the stock is owned by institutional investors.
About Aspen Technology
(
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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.
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