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NASDAQ:AZPN

Aspen Technology - AZPN Stock Forecast, Price & News

$216.39
+3.39 (+1.59%)
(As of 08/12/2022 04:18 PM ET)
Add
Compare
Today's Range
$213.00
$218.96
50-Day Range
$175.30
$213.12
52-Week Range
$122.29
$218.96
Volume
123,015 shs
Average Volume
328,670 shs
Market Capitalization
$14.03 billion
P/E Ratio
57.70
Dividend Yield
N/A
Price Target
$193.33

Aspen Technology MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
6.4% Downside
$203.20 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.73mentions of Aspen Technology in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.99%
From $5.52 to $5.74 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Computer And Technology Sector

418th out of 659 stocks

Custom Computer Programming Services Industry

19th out of 30 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 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. The company was incorporated in 2021 and is headquartered in Bedford, Massachusetts.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AZPN shares. KeyCorp boosted their price target on Aspen Technology from $175.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, July 8th. Loop Capital upped their target price on Aspen Technology from $175.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, June 15th. StockNews.com upgraded shares of Aspen Technology from a "sell" rating to a "hold" rating in a research note on Tuesday, July 12th. Piper Sandler lifted their price objective on Aspen Technology from $159.00 to $189.00 and gave the company a "neutral" rating in a report on Tuesday, June 28th. Finally, TheStreet lowered Aspen Technology from a "b" rating to a "c+" rating in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $193.33.

Aspen Technology Trading Up 1.6 %

Aspen Technology stock traded up $3.39 during mid-day trading on Friday, hitting $216.39. 123,015 shares of the company's stock were exchanged, compared to its average volume of 328,670. Aspen Technology has a fifty-two week low of $122.29 and a fifty-two week high of $218.96. The company has a quick ratio of 4.07, a current ratio of 3.47 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $14.03 billion, a P/E ratio of 56.80, a PEG ratio of 2.07 and a beta of 1.21. The company's 50 day simple moving average is $193.15 and its 200-day simple moving average is $170.24.

Aspen Technology (NASDAQ:AZPN - Get Rating) last released its quarterly earnings data on Monday, August 8th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.36. Aspen Technology had a return on equity of 8.23% and a net margin of 31.82%. The business had revenue of $238.90 million for the quarter, compared to analysts' expectations of $293.17 million. During the same quarter in the previous year, the business posted $1.43 EPS. Aspen Technology's revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that Aspen Technology will post 5.52 earnings per share for the current year.

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AZPN Stock News Headlines

Aspen Technology (AZPN) Beats Q4 Earnings Estimates
Where Aspen Technology Stands With Analysts
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AZPN Company Calendar

Last Earnings
8/08/2022
Today
8/12/2022
Next Earnings (Estimated)
10/26/2022
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
$203.20
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$162.00
Forecasted Upside/Downside
-10.7%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
5 Analysts

Profitability

Net Income
$319.80 million
Pretax Margin
46.36%

Debt

Sales & Book Value

Annual Sales
$709.38 million
Cash Flow
$5.32 per share
Book Value
$203.14 per share

Miscellaneous

Free Float
64,180,000
Market Cap
$14.03 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives














AZPN Stock - Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 2 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 2022?

5 Wall Street research analysts have issued 1-year price targets for Aspen Technology's shares. Their AZPN share price forecasts range from $162.00 to $230.00. On average, they predict the company's share price to reach $203.20 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
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 40.8% and is now trading at $214.36.
View the best growth stocks for 2022 here
.

When is Aspen Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our AZPN earnings forecast
.

How were Aspen Technology's earnings last quarter?

Aspen Technology, Inc. (NASDAQ:AZPN) released its earnings results on Monday, August, 8th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.36. The technology company earned $238.90 million during the quarter, compared to analyst estimates of $293.17 million. Aspen Technology had a trailing twelve-month return on equity of 8.23% and a net margin of 31.82%. Aspen Technology's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share.

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

Aspen Technology updated its FY23 earnings guidance on Monday, August, 8th. The company provided earnings per share guidance of $6.40-$6.89 for the period, compared to the consensus earnings per share estimate of $6.55. The company issued revenue guidance of $1.14-$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 many different retail and institutional investors. Top institutional investors include FMR LLC (3.28%), Franklin Resources Inc. (0.97%), Clearbridge Investments LLC (0.72%), Lazard Asset Management LLC (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.59%) and Robeco Institutional Asset Management B.V. (0.37%). 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 $214.36.

How much money does Aspen Technology make?

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.90 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $3.75 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.
Read More

When was Aspen Technology founded?

Aspen Technology was founded in 1981.

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 8/12/2022 by MarketBeat.com Staff

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