S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:AZPN

Aspen Technology - AZPN Stock Forecast, Price & News

$213.12
+0.37 (+0.17%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$204.12
$213.66
50-Day Range
$175.30
$213.12
52-Week Range
$122.29
$213.66
Volume
125,530 shs
Average Volume
123,940 shs
Market Capitalization
$13.82 billion
P/E Ratio
53.15
Dividend Yield
N/A
Price Target
$193.33

Aspen Technology MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
9.3% Downside
$193.33 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$637,871 Sold Last Quarter
Proj. Earnings Growth
8.66%
From $5.08 to $5.52 Per Share

Overall MarketRank

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

2.23 out of 5 stars

Computer And Technology Sector

338th out of 832 stocks

Custom Computer Programming Services Industry

16th out of 40 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 brokerages have weighed in on AZPN. Loop Capital upped their target price on Aspen Technology from $175.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, June 15th. TheStreet downgraded Aspen Technology from a "b" rating to a "c+" rating in a research note on Tuesday, May 17th. KeyCorp raised their target price on Aspen Technology from $175.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, July 8th. Piper Sandler increased their price target on Aspen Technology from $159.00 to $189.00 and gave the company a "neutral" rating in a report on Tuesday, June 28th. Finally, Robert W. Baird cut Aspen Technology from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $170.00 to $162.00 in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $193.33.

Aspen Technology Trading Up 0.2 %

AZPN traded up $0.37 during trading on Friday, hitting $213.12. The company's stock had a trading volume of 125,530 shares, compared to its average volume of 123,940. The stock has a market cap of $13.82 billion, a PE ratio of 53.15, a PEG ratio of 2.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.07 and a quick ratio of 4.07. The firm's 50 day moving average price is $192.46 and its 200-day moving average price is $168.69. Aspen Technology has a twelve month low of $122.29 and a twelve month high of $213.66.

Insider Activity at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 4,010 shares of the firm's stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $159.07, for a total value of $637,870.70. Following the transaction, the director now owns 12,865 shares of the company's stock, valued at $2,046,435.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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AZPN Stock News Headlines

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AZPN Company Calendar

Last Earnings
10/26/2021
Today
8/07/2022
Next Earnings (Confirmed)
8/08/2022
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
$193.33
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
-9.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
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
$5.13 per share
Book Value
$11.77 per share

Miscellaneous

Free Float
64,180,000
Market Cap
$13.82 billion
Optionable
Optionable
Beta
1.21

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AZPN Stock - Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Aspen Technology stock. 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 analyst ratings for Aspen Technology
or view top-rated stocks.

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

8 equities research 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 anticipate Aspen Technology's share price to reach $193.33 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
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 beginning of 2022. Since then, AZPN stock has increased by 40.0% and is now trading at $213.12.
View the best growth stocks for 2022 here
.

When is Aspen Technology's next earnings date?

Aspen Technology is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Aspen Technology
.

How can I listen to Aspen Technology's earnings call?

Aspen Technology will be holding an earnings conference call on Monday, August 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "9571995".

How were Aspen Technology's earnings last quarter?

Aspen Technology, Inc. (NASDAQ:AZPN) issued its quarterly earnings data 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 net margin of 39.22% and a trailing twelve-month return on equity of 40.86%. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS.

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

225 employees have rated Aspen Technology CEO Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among Aspen Technology'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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.59%), Robeco Institutional Asset Management B.V. (0.37%), Boston Trust Walden Corp (0.31%), Stephens Investment Management Group LLC (0.25%), Riverbridge Partners LLC (0.14%) and Howland Capital Management LLC (0.13%). 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
.

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 $213.12.

How much money does Aspen Technology make?

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.82 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $4.01 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 brian.denyeau@icrinc.com, or via fax at 781-221-6410.

This page (NASDAQ:AZPN) was last updated on 8/7/2022 by MarketBeat.com Staff

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