Aspen Technology - AZPN Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZPN shares.
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6 Wall Street research analysts have issued twelve-month target prices for Aspen Technology's shares. Their AZPN share price forecasts range from $225.00 to $280.00. On average, they expect the company's stock price to reach $243.40 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Aspen Technology's stock was trading at $152.20 on January 1st, 2022. Since then, AZPN shares have increased by 46.6% and is now trading at $223.07.
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Aspen Technology saw a drop in short interest in November. As of November 15th, there was short interest totaling 908,600 shares, a drop of 11.8% from the October 31st total of 1,030,000 shares. Based on an average daily volume of 221,200 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) announced its quarterly earnings data on Wednesday, October, 26th. The technology company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.95. The technology company had revenue of $250.82 million for the quarter, compared to the consensus estimate of $236.76 million. Aspen Technology had a trailing twelve-month return on equity of 5.75% and a net margin of 21.55%. The company's revenue for the quarter was up 84.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS.

Aspen Technology updated its FY 2023 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $6.76-$6.91 for the period, compared to the consensus earnings per share estimate of $6.75. The company issued revenue guidance of $1.14 billion-$1.20 billion, compared to the consensus revenue estimate of $1.17 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 trades on the NASDAQ under the ticker symbol "AZPN."

Aspen Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.09%), Kayne Anderson Rudnick Investment Management LLC (4.76%), Vanguard Group Inc. (4.31%), Neuberger Berman Group LLC (1.52%), Nordea Investment Management AB (1.47%) and State Street Corp (1.20%). 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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One share of AZPN stock can currently be purchased for approximately $223.07.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $14.40 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $3.00 on an earnings per share basis.

The company employs 1,897 workers across the globe.

Aspen Technology's mailing address is 20 Crosby Drive, Bedford MA, 01730. The official website for the company is www.aspentech.com. The technology company can be reached via phone at (781) 221-6400, via email at brian.denyeau@icrinc.com, or via fax at 781-221-6410.