NASDAQ:AZPN - Aspen Technology Stock Price, Forecast & News

Aspen Technology trades on the NASDAQ under the ticker symbol "AZPN."

Aspen Technology, Inc. (NASDAQ:AZPN) announced its earnings results on Wednesday, October, 30th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.30. The technology company had revenue of $134.09 million for the quarter, compared to analyst estimates of $119.49 million. Aspen Technology had a net margin of 43.83% and a return on equity of 67.12%. Aspen Technology's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. View Aspen Technology's Earnings History.

Aspen Technology is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for Aspen Technology.

Aspen Technology issued an update on its FY20 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $3.47-3.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.75. The company issued revenue guidance of $575-615 million, compared to the consensus revenue estimate of $600.48 million.

6 equities research analysts have issued 1-year price objectives for Aspen Technology's shares. Their forecasts range from $123.00 to $155.00. On average, they expect Aspen Technology's stock price to reach $140.33 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for Aspen Technology.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Aspen Technology.

Media coverage about AZPN stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Aspen Technology earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Aspen Technology.

Aspen Technology saw a drop in short interest in October. As of October 15th, there was short interest totalling 766,800 shares, a drop of 11.9% from the September 15th total of 870,600 shares. Based on an average daily trading volume, of 426,900 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.1% of the shares of the company are short sold. View Aspen Technology's Current Options Chain.

Some companies that are related to Aspen Technology include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), Home Depot (HD), Visa (V), QUALCOMM (QCOM), salesforce.com (CRM), CVS Health (CVS), Mastercard (MA) and Procter & Gamble (PG).

Aspen Technology's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (2.48%), State Street Corp (1.36%), Stephens Investment Management Group LLC (1.09%), Voya Investment Management LLC (0.93%), Point72 Asset Management L.P. (0.58%) and Wedge Capital Management L L P NC (0.53%). Company insiders that own Aspen Technology stock include Antonio J Pietri, Donald P Casey, F G Hammond, Gary E Haroian, Jr Robert M Whelan, Karl E Johnsen and Simon Orebi Gann. View Institutional Ownership Trends for Aspen Technology.

AZPN stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Scout Investments Inc., Russell Investments Group Ltd., Carillon Tower Advisers Inc., Public Employees Retirement Association of Colorado, Fisher Asset Management LLC, Man Group plc and Stephens Investment Management Group LLC. Company insiders that have sold Aspen Technology company stock in the last year include Antonio J Pietri, Donald P Casey, F G Hammond, Jr Robert M Whelan, Karl E Johnsen and Simon Orebi Gann. View Insider Buying and Selling for Aspen Technology.

AZPN stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Waratah Capital Advisors Ltd., Waratah Capital Advisors Ltd., Millennium Management LLC, First Trust Advisors LP, Pictet Asset Management Ltd., California Public Employees Retirement System and Barclays PLC. View Insider Buying and Selling for Aspen Technology.

Shares of AZPN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AZPN stock can currently be purchased for approximately $122.17.

Aspen Technology has a market capitalization of $8.33 billion and generates $598.34 million in revenue each year. The technology company earns $262.73 million in net income (profit) each year or $3.77 on an earnings per share basis. Aspen Technology employs 1,600 workers across the globe.View Additional Information About Aspen Technology.

The official website for Aspen Technology is http://www.aspentech.com/.

Aspen Technology's mailing address is 20 Crosby Drive, Bedford MA, 01730. The technology company can be reached via phone at 781-221-6400.