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NASDAQ:AZPN

Aspen Technology - AZPN Stock Forecast, Price & News

$217.05
-7.29 (-3.25%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$216.75
$222.95
50-Day Range
$217.05
$256.23
52-Week Range
$135.48
$263.59
Volume
277,364 shs
Average Volume
295,969 shs
Market Capitalization
$14.01 billion
P/E Ratio
72.35
Dividend Yield
N/A
Price Target
$243.40

Aspen Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
12.1% Upside
$243.40 Price Target
Short Interest
Healthy
3.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.57mentions of Aspen Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$558,256 Sold Last Quarter
Proj. Earnings Growth
8.68%
From $5.99 to $6.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

393rd out of 621 stocks

Custom Computer Programming Services Industry

18th out of 24 stocks

AZPN stock logo

About Aspen Technology (NASDAQ:AZPN) Stock

Aspen Technology, Inc. provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It offers artificial intelligence of things, aspen hybrid models, asset performance management, OSI digital grid management, and performance engineering; production optimization for commodity polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and value chain optimization for energy and polymers and specialty chemicals solutions. The company serves bulk chemicals, consumer packaged goods, downstream, food and beverage, metals and mining, midstream and LNG, pharmaceuticals, polymers, pulp and paper, specialty chemicals, transportation, upstream, and water and wastewater industries; power generation, transmission, and distribution industries; and engineering, procurement, and construction industries. Aspen Technology, Inc. was incorporated in 2021 and is headquartered in Bedford, Massachusetts.

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AZPN Stock News Headlines

Is it a Good Choice to Invest in Aspen Technology (AZPN)?
Recap: Aspen Technology Q1 Earnings
Sensata (ST) Q3 Earnings Miss Estimates, Revenues Up Y/Y
See More Headlines
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AZPN Company Calendar

Last Earnings
10/26/2022
Today
12/09/2022
Next Earnings (Estimated)
1/25/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
Application Software
Current Symbol
NASDAQ:AZPN
CUSIP
04532710
Employees
1,897
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$243.40
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$225.00
Forecasted Upside/Downside
+12.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$319.80 million
Pretax Margin
46.36%

Debt

Sales & Book Value

Annual Sales
$709.38 million
Cash Flow
$4.92 per share
Book Value
$203.14 per share

Miscellaneous

Free Float
63,895,000
Market Cap
$14.01 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. Antonio J. PietriMr. Antonio J. Pietri (Age 56)
    Pres, CEO & Director
    Comp: $1.23M
  • Ms. Chantelle Breithaupt
    Sr. VP & CFO
  • Mr. Frederic G. Hammond (Age 62)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $596.31k
  • Mr. Manish Chawla (Age 49)
    Exec. VP & Chief Revenue Officer
    Comp: $112.11k
  • Mr. Willie K. Chan
    Chief Technology Officer
  • Mr. Glover H. Lawrence (Age 54)
    Sr. VP of Corp. Devel.
  • Mr. Lawrence Schwartz
    Sr. VP & Chief Marketing Officer
  • Mr. Skip Maloney
    Sr. VP & Chief HR Officer
  • Mr. David Arbeitel (Age 59)
    Sr. VP of Products
  • Mr. Stuart Harris
    Sr. VP of Strategy













AZPN Stock - Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

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.
View AZPN analyst ratings
or view top-rated stocks.

What is Aspen Technology's stock price forecast for 2023?

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.
View analysts price targets for AZPN
or view top-rated stocks among Wall Street analysts.

How have AZPN shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Aspen Technology?

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.
View Aspen Technology's Short Interest
.

When is Aspen Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our AZPN earnings forecast
.

How were Aspen Technology's earnings last quarter?

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.

What guidance has Aspen Technology issued on next quarter's earnings?

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.

What is Antonio Pietri's approval rating as Aspen Technology's CEO?

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.

What other stocks do shareholders of Aspen Technology own?

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).

What is Aspen Technology's stock symbol?

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

Who are Aspen Technology's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Aspen Technology?

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.
Compare Top Brokerages Here.

What is Aspen Technology's stock price today?

One share of AZPN stock can currently be purchased for approximately $223.07.

How much money does Aspen Technology make?

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.

How many employees does Aspen Technology have?

The company employs 1,897 workers across the globe.

Does Aspen Technology have any subsidiaries?
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.
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How can I contact Aspen Technology?

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.

This page (NASDAQ:AZPN) was last updated on 12/9/2022 by MarketBeat.com Staff