Aspen Technology Stock Price, News & Analysis (NASDAQ:AZPN)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AZPN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AZPN, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 1 year target prices for Aspen Technology's shares. Their AZPN share price targets range from $180.00 to $230.00. On average, they predict the company's stock price to reach $207.00 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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Aspen Technology's stock was trading at $205.40 at the beginning of 2023. Since then, AZPN stock has decreased by 4.6% and is now trading at $196.02.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Aspen Technology, Inc. (NASDAQ:AZPN) released its quarterly earnings data on Monday, November, 6th. The technology company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.19 by $0.23. The technology company had revenue of $249.31 million for the quarter, compared to analyst estimates of $258.31 million. Aspen Technology had a negative net margin of 12.57% and a positive trailing twelve-month return on equity of 1.83%.

ETFs with the largest weight of Aspen Technology (NASDAQ:AZPN) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), BlackRock Future Innovators ETF (BFTR), Argent Mid Cap ETF (AMID), Gabelli Automation ETF (GAST), VanEck Robotics ETF (IBOT), Nuveen ESG Mid-Cap Growth ETF (NUMG), Syntax Stratified MidCap ETF (SMDY) and Qraft AI-Enhanced Next Value ETF (NVQ).

Aspen Technology updated its FY24 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of $6.57 for the period, compared to the consensus estimate of $6.57. The company issued revenue guidance of $1.12 billion, compared to the consensus revenue estimate of $1.14 billion.

225 employees have rated Aspen Technology Chief Executive Officer Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among the company's employees. 64.0% of employees surveyed would recommend working at Aspen Technology to a friend.

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

Aspen Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.84%), Nordea Investment Management AB (1.64%), Wellington Management Group LLP (0.89%), Clearbridge Investments LLC (0.78%), Sumitomo Mitsui Trust Holdings Inc. (0.64%) and Lazard Asset Management LLC (0.58%). Insiders that own company stock include Antonio J Pietri, Donald P Casey, F G Hammond, John Hague, Jr Robert M Whelan and Karl E Johnsen.
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Shares of AZPN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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