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NASDAQ:AZPN

Aspen Technology Stock Forecast, Price & News

$197.39
+6.15 (+3.22%)
(As of 06/24/2022 04:00 PM ET)
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Compare
Today's Range
$192.62
$197.50
50-Day Range
$149.35
$210.23
52-Week Range
$122.29
$210.60
Volume
207,788 shs
Average Volume
381,508 shs
Market Capitalization
$12.80 billion
P/E Ratio
49.22
Dividend Yield
N/A
Price Target
$183.83
30 days | 90 days | 365 days | Advanced Chart

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AZPN Stock Forecast (MarketRank)

Overall MarketRank

1.88 out of 5 stars

Computer And Technology Sector

502nd out of 923 stocks

Custom Computer Programming Services Industry

23rd out of 44 stocks

Analyst Opinion: 1.3Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Aspen Technology logo

About Aspen Technology (NASDAQ:AZPN)

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.

AZPN Stock News Headlines

Is it Worthy to Invest in Aspen Technology (AZPN)?
See More Headlines

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

Company Calendar

Last Earnings
4/27/2022
Today
6/24/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/10/2022

Price Target and Rating

Average Stock Price Forecast
$183.83
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
-6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
8 Analysts

Profitability

Net Income
$319.80 million
Pretax Margin
46.36%

Debt

Sales & Book Value

Annual Sales
$709.38 million
Cash Flow
$5.12 per share
Book Value
$11.77 per share

Miscellaneous

Free Float
64,180,000
Market Cap
$12.80 billion
Optionable
Optionable
Beta
1.25

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Aspen Technology Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

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.
View analyst ratings for Aspen Technology
or view top-rated stocks.

What is Aspen Technology's stock price forecast for 2022?

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%.
View analysts' price targets for Aspen Technology
or view top-rated stocks among Wall Street analysts.

How has Aspen Technology's stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Aspen Technology?

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.
View Aspen Technology's Short Interest
.

When is Aspen Technology's next earnings date?

Aspen Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our earnings forecast for Aspen Technology
.

How were Aspen Technology's earnings last quarter?

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.
View Aspen Technology's earnings history
.

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

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.

Who are Aspen Technology's key executives?

Aspen Technology's management team includes the following people:
  • Ms. Chantelle Breithaupt, Chief Financial Officer

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

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.

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 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.
View institutional ownership trends for Aspen Technology
.

Which major investors are selling Aspen Technology stock?

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.
View insider buying and selling activity for Aspen Technology
or view top insider-selling stocks.

Which major investors are buying Aspen Technology stock?

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..
View insider buying and selling activity for Aspen Technology
or or view top insider-buying stocks.

How do I buy shares of Aspen Technology?

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.
Compare Top Brokerages Here.

What is Aspen Technology's stock price today?

One share of AZPN stock can currently be purchased for approximately $197.39.

How much money does Aspen Technology make?

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.

How many employees does Aspen Technology have?

Aspen Technology 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 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.

This page (NASDAQ:AZPN) was last updated on 6/24/2022 by MarketBeat.com Staff

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