Aspen Technology Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.
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Aspen Technology, Inc. (NASDAQ:AZPN) announced its earnings results on Tuesday, August, 10th. The technology company reported $1.53 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.47 by $0.06. The technology company earned $197.96 million during the quarter, compared to the consensus estimate of $206.15 million. Aspen Technology had a net margin of 45.08% and a trailing twelve-month return on equity of 48.61%.
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 31.0% and is now trading at $124.25.
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Aspen Technology updated its FY 2022 earnings guidance on Wednesday, September, 8th. The company provided earnings per share (EPS) guidance of $4.790-$5.170 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.870. The company issued revenue guidance of $702 million-$737 million, compared to the consensus revenue estimate of $728.82 million.

6 analysts have issued 1-year price targets for Aspen Technology's shares. Their forecasts range from $140.00 to $165.00. On average, they expect Aspen Technology's share price to reach $151.80 in the next twelve months. This suggests a possible upside of 22.2% 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), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Nuance Communications (NUAN), FactSet Research Systems (FDS), Citrix Systems (CTXS) and Fair Isaac (FICO).
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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 investors include Kayne Anderson Rudnick Investment Management LLC (9.93%), Vanguard Group Inc. (9.63%), BlackRock Inc. (9.13%), Macquarie Group Ltd. (4.32%), FMR LLC (4.05%) and Neuberger Berman Group LLC (3.78%). Company insiders that own Aspen Technology stock include Antonio J Pietri, Donald P Casey, F G Hammond, 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, FMR LLC, Echo Street Capital Management LLC, Millennium Management LLC, Bank of America Corp DE, Wells Fargo & Company MN, Allianz Asset Management GmbH, and Epoch Investment Partners Inc.. Company insiders that have sold Aspen Technology company stock in the last year include Antonio J Pietri, F G Hammond, John Hague, Jr Robert M Whelan, and Karl E Johnsen.
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AZPN stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Lazard Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Vanguard Group Inc., and Northern Trust Corp.
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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 $124.25.

Aspen Technology has a market capitalization of $8.33 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $4.81 on an earnings per share basis.

Aspen Technology employs 1,897 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].