Aspen Technology Stock Forecast, Price & News

5 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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Aspen Technology stock. 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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Wall Street analysts have given Aspen Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Aspen Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Aspen Technology saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 3,020,000 shares, an increase of 76.6% from the May 13th total of 1,710,000 shares. Based on an average daily volume of 680,700 shares, the short-interest ratio is currently 4.4 days. Currently, 4.5% of the company's stock are short sold.
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Aspen Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Aspen Technology.

Aspen Technology, Inc. (NASDAQ:AZPN) posted its earnings results on Tuesday, April, 27th. The technology company reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.11 by $0.06. The technology company earned $162.80 million during the quarter, compared to the consensus estimate of $178.37 million. Aspen Technology had a trailing twelve-month return on equity of 55.65% and a net margin of 45.30%. The business's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS.
View Aspen Technology's earnings history.

Aspen Technology's stock was trading at $94.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AZPN shares have increased by 44.5% and is now trading at $137.05.
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Aspen Technology updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of 4.980-5.220 for the period, compared to the Thomson Reuters consensus estimate of $5.450. The company issued revenue guidance of $705 million-$729 million, compared to the consensus revenue estimate of $745.29 million.

5 brokers have issued 12-month price objectives for Aspen Technology's shares. Their forecasts range from $112.00 to $180.00. On average, they anticipate Aspen Technology's stock price to reach $150.40 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
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131 employees have rated Aspen Technology CEO Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among Aspen Technology's employees.

Some companies that are related to Aspen Technology include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), Tyler Technologies (TYL), Nuance Communications (NUAN), Fair Isaac (FICO), Citrix Systems (CTXS) and FactSet Research Systems (FDS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), The Home Depot (HD), QUALCOMM (QCOM), CVS Health (CVS), Intel (INTC), NVIDIA (NVDA), Visa (V), Johnson & Johnson (JNJ) and The Procter & Gamble (PG).

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

Aspen Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.81%), BlackRock Inc. (5.37%), Waddell & Reed Financial Inc. (4.77%), Neuberger Berman Group LLC (3.90%), BlueSpruce Investments LP (3.28%) and William Blair Investment Management LLC (2.27%). Company insiders that own Aspen Technology stock include Antonio J Pietri, Donald P Casey, John Hague, Jr Robert M Whelan and Karl E Johnsen.
View institutional ownership trends for Aspen Technology.

AZPN stock was sold by a variety of institutional investors in the last quarter, including BlueSpruce Investments LP, Brown Advisory Inc., Two Creeks Capital Management LP, Renaissance Technologies LLC, Principal Financial Group Inc., Principal Financial Group Inc., Waddell & Reed Financial Inc., and Price T Rowe Associates Inc. MD. Company insiders that have sold Aspen Technology company stock in the last year include Antonio J Pietri, John Hague, Jr Robert M Whelan, and Karl E Johnsen.
View insider buying and selling activity for Aspen Technology or view top insider-selling stocks.

AZPN stock was bought by a variety of institutional investors in the last quarter, including 40 North Management LLC, Bessemer Group Inc., Millennium Management LLC, Nordea Investment Management AB, Valley Forge Capital Management LP, Robeco Institutional Asset Management B.V., Mawer Investment Management Ltd., and Ameriprise Financial Inc..
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Shares of AZPN 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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One share of AZPN stock can currently be purchased for approximately $137.05.

Aspen Technology has a market capitalization of $9.32 billion and generates $590.18 million in revenue each year. The technology company earns $229.67 million in net income (profit) each year or $3.36 on an earnings per share basis.

Aspen Technology employs 1,710 workers across the globe.

The following companies are subsidiares of Aspen Technology: Apex Optimisation, Apex Optimisation Inc., Apex Optimisation Ltd., Apex Optimisation SRO, Apex Optimisation Technologies B.V., Apex Optimisation UK Ltd., Argent & Waugh Ltd., Aspen Tech India Private Ltd., Aspen Tech de Mexico S. de R.L. de C.V., Aspen Technology (Asia) Inc., Aspen Technology Australia Pty. Ltd., Aspen Technology International Inc., Aspen Technology LLC, Aspen Technology S.A.S., Aspen Technology S.L., Aspen Technology Services Corporation, AspenTech (Beijing) Ltd., AspenTech (Shanghai) Ltd., AspenTech (Thailand) Ltd., AspenTech Africa (Pty.) Ltd., AspenTech Argentina S.R.L., AspenTech Canada Corporation, AspenTech Canada Holdings LLC, AspenTech Europe B.V., AspenTech Europe S.A./N.V., AspenTech Holding Corporation, AspenTech Japan Co. Ltd., AspenTech Ltd., AspenTech Pte. Ltd., AspenTech S.r.l., AspenTech Software Brasil Ltda., AspenTech Software Corporation, AspenTech Solutions Sdn. Bhd., AspenTech Venezuela C.A., Hyprotech, Hyprotech UK Ltd., Mtell, Mtelligence Corporation, Petrolsoft, RtTech Software - Cipher IoT, Sabisu Ltd., The Fidelis Group, The Fidelis Group LLC, and mnubo.

Aspen Technology was founded in 1981.

The official website for Aspen Technology is www.aspentech.com.

Aspen Technology is headquartered at 20 Crosby Drive, Bedford MA, 01730.

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