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NASDAQ:AZPN

Aspen Technology (AZPN) Stock Forecast, Price & News

$164.96
+1.04 (+0.63%)
(As of 06/1/2023 ET)
Compare
Today's Range
$162.58
$166.11
50-Day Range
$163.36
$244.34
52-Week Range
$161.40
$263.59
Volume
234,140 shs
Average Volume
219,772 shs
Market Capitalization
$10.70 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$217.83

Aspen Technology MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
32.1% Upside
$217.83 Price Target
Short Interest
Bearish
5.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.98mentions of Aspen Technology in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.89%
From $4.76 to $4.85 Per Share

Overall MarketRank

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

1.99 out of 5 stars

Computer And Technology Sector

741st out of 1,226 stocks

Custom Computer Programming Services Industry

37th out of 54 stocks


AZPN stock logo

About Aspen Technology (NASDAQ:AZPN) Stock

Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world's dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in asset-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.

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AZPN Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Aspen Technology To Buy Back Up To $100 Mln Of Shares
Why Aspen Technology Stock Crashed Today
Why Aspen Stock Is Plunging Today
Aspen Technology Inc. (New)
See More Headlines

AZPN Price History

AZPN Company Calendar

Last Earnings
10/26/2021
Today
6/01/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/14/2023

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
Application Software
Current Symbol
NASDAQ:AZPN
CUSIP
04532710
Employees
3,574
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$217.83
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+31.8%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$53.15 million
Pretax Margin
-9.37%

Debt

Sales & Book Value

Annual Sales
$405.30 million
Cash Flow
$2.79 per share
Book Value
$202.24 per share

Miscellaneous

Free Float
64,220,000
Market Cap
$10.72 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Antonio Jose PietriAntonio Jose Pietri
    President & Chief Executive Officer
  • Chantelle Yvette Breithaupt
    Chief Financial Officer, Director & Senior VP
  • Willie K. Chan
    Chief Technology Officer
  • Lawrence S. Schwartz
    Chief Marketing Officer & Senior Vice President
  • Christopher Stagno
    Director, Chief Accounting Officer & Senior VP













AZPN Stock - Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View AZPN analyst ratings
or view top-rated stocks.

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

8 analysts have issued 12 month price targets for Aspen Technology's stock. Their AZPN share price forecasts range from $195.00 to $240.00. On average, they expect the company's share price to reach $217.83 in the next year. This suggests a possible upside of 31.8% 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 2023?

Aspen Technology's stock was trading at $205.40 on January 1st, 2023. Since then, AZPN stock has decreased by 19.5% and is now trading at $165.27.
View the best growth stocks for 2023 here
.

Are investors shorting Aspen Technology?

Aspen Technology saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, an increase of 60.8% from the April 30th total of 932,900 shares. Based on an average daily trading volume, of 225,800 shares, the short-interest ratio is presently 6.6 days. Approximately 5.3% of the shares of the company 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 Monday, August 14th 2023.
View our AZPN earnings forecast
.

How were Aspen Technology's earnings last quarter?

Aspen Technology, Inc. (NASDAQ:AZPN) announced its quarterly earnings results on Tuesday, October, 26th. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.65 by $0.12. The technology company had revenue of $136 million for the quarter, compared to analysts' expectations of $125.23 million. Aspen Technology had a negative net margin of 8.09% and a positive trailing twelve-month return on equity of 2.24%. Aspen Technology's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS.

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

Aspen Technology updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $5.63-$5.83 for the period, compared to the consensus estimate of $7.06. The company issued revenue guidance of $1.04 billion-$1.06 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. (7.43%), Kayne Anderson Rudnick Investment Management LLC (5.55%), FMR LLC (3.11%), Franklin Resources Inc. (1.79%), State Street Corp (1.47%) and Nordea Investment Management AB (1.45%). 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 $165.27.

How much money does Aspen Technology make?

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $10.72 billion and generates $405.30 million in revenue each year. The technology company earns $53.15 million in net income (profit) each year or ($0.95) on an earnings per share basis.

How many employees does Aspen Technology have?

The company employs 3,574 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.
Read More
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 6/1/2023 by MarketBeat.com Staff

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