Aspen Technology Stock Forecast, Price & News

8 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Aspen Technology stock.
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8 Wall Street analysts have issued 12-month target prices for Aspen Technology's shares. Their AZPN stock forecasts range from $144.00 to $230.00. On average, they expect Aspen Technology's share price to reach $183.83 in the next year. This suggests that the stock has a possible downside of 6.9%.
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Aspen Technology's stock was trading at $152.20 at the start of the year. Since then, AZPN shares have increased by 29.7% and is now trading at $197.39.
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Aspen Technology saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 435,700 shares, a decrease of 56.3% from the May 15th total of 997,600 shares. Based on an average daily trading volume, of 407,200 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company's shares are short sold.
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Aspen Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
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Aspen Technology, Inc. (NASDAQ:AZPN) released its quarterly earnings results on Wednesday, April, 27th. The technology company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. The technology company earned $187.75 million during the quarter, compared to analyst estimates of $190.61 million. Aspen Technology had a net margin of 39.22% and a trailing twelve-month return on equity of 40.86%. The business's revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS.
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Aspen Technology issued an update on its FY22 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $5.33-5.50 for the period, compared to the consensus EPS estimate of $5.29. The company issued revenue guidance of $737-754 million, compared to the consensus revenue estimate of $743.52 million.

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 Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Cadence Design Systems (CDNS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), FactSet Research Systems (FDS), Tyler Technologies (TYL), Citrix Systems (CTXS), Fair Isaac (FICO) and Manhattan Associates (MANH).
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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), 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.98%), Vanguard Group Inc. (9.51%), Neuberger Berman Group LLC (3.70%), Nordea Investment Management AB (3.14%), State Street Corp (2.72%) and Clearbridge Investments LLC (1.55%). 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.
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AZPN stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, JPMorgan Chase & Co., Raymond James & Associates, Nordea Investment Management AB, Capital Research Global Investors, Bank of New York Mellon Corp, Goldman Sachs Group Inc., and Lombard Odier Asset Management Europe Ltd. Company insiders that have sold Aspen Technology company stock in the last two years include Antonio J Pietri, Donald P Casey, 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 BlackRock Inc., Lord Abbett & CO. LLC, Allianz Asset Management GmbH, First Trust Advisors LP, Pertento Partners LLP, Sei Investments Co., Taconic Capital Advisors LP, and Vanguard Group Inc..
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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 $197.39.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $12.80 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $4.009990 on an earnings per share basis.

Aspen Technology employs 1,897 workers across the globe.

Aspen Technology was founded in 1981.

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