Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have received an average rating of "Hold" from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $145.60.
A number of equities analysts have recently weighed in on AZPN shares. KeyCorp lifted their price target on shares of Aspen Technology from $158.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 16th. Robert W. Baird reaffirmed a "buy" rating on shares of Aspen Technology in a research report on Tuesday, May 18th.
Shares of NASDAQ AZPN opened at $139.69 on Tuesday. The stock's fifty day moving average price is $142.19. Aspen Technology has a twelve month low of $93.55 and a twelve month high of $162.56. The company has a current ratio of 5.42, a quick ratio of 5.42 and a debt-to-equity ratio of 0.38.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, April 27th. The technology company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by ($0.06). The firm had revenue of $162.80 million for the quarter, compared to the consensus estimate of $178.37 million. Aspen Technology had a return on equity of 55.65% and a net margin of 45.30%. The company's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, equities analysts anticipate that Aspen Technology will post 4.74 earnings per share for the current fiscal year.
In other Aspen Technology news, Director Jr. Robert M. Whelan sold 8,966 shares of the business's stock in a transaction dated Wednesday, May 26th. The shares were sold at an average price of $139.86, for a total transaction of $1,253,984.76. Following the sale, the director now directly owns 17,759 shares of the company's stock, valued at approximately $2,483,773.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio J. Pietri sold 48,030 shares of the business's stock in a transaction dated Friday, May 28th. The stock was sold at an average price of $138.06, for a total transaction of $6,631,021.80. Following the sale, the chief executive officer now directly owns 285,349 shares in the company, valued at $39,395,282.94. The disclosure for this sale can be found here. Insiders sold a total of 58,098 shares of company stock worth $8,052,793 over the last ninety days. 1.10% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of AZPN. 40 North Management LLC bought a new stake in Aspen Technology during the 1st quarter worth about $150,307,000. Bessemer Group Inc. increased its stake in shares of Aspen Technology by 113.7% during the 1st quarter. Bessemer Group Inc. now owns 1,094,597 shares of the technology company's stock worth $157,984,000 after purchasing an additional 582,326 shares during the last quarter. Norges Bank acquired a new position in shares of Aspen Technology during the 4th quarter worth about $69,307,000. Millennium Management LLC increased its stake in shares of Aspen Technology by 1,249.5% during the 1st quarter. Millennium Management LLC now owns 286,665 shares of the technology company's stock worth $41,374,000 after purchasing an additional 265,422 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Aspen Technology by 26.9% during the 4th quarter. Nordea Investment Management AB now owns 1,027,746 shares of the technology company's stock worth $133,864,000 after purchasing an additional 217,821 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
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