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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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

2.2

Analyst's Opinion

Consensus Rating
Aspen Technology has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $193.33, Aspen Technology has a forecasted downside of 9.3% from its current price of $213.12.
Amount of Analyst Coverage
Aspen Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.28% of the float of Aspen Technology has been sold short.
Short Interest Ratio / Days to Cover
Aspen Technology has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Aspen Technology has recently decreased by 8.40%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Aspen Technology does not currently pay a dividend.
Dividend Growth
Aspen Technology does not have a long track record of dividend growth.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Aspen Technology has received a 17.97% net impact score from Upright. Aspen Technology seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Asset performance management software", "Process analytics software", and "Manufacturing management software" products. See details.
Environmental Sustainability
The Environmental Impact score for Aspen Technology is -1.43.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Aspen Technology this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for AZPN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Aspen Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Aspen Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $637,871.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Aspen Technology is held by insiders.
Percentage Held by Institutions
96.49% of the stock of Aspen Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Aspen Technology are expected to grow by 8.66% in the coming year, from $5.08 to $5.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Aspen Technology is 53.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Aspen Technology is 53.15, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 387.85.
Price to Earnings Growth Ratio
Aspen Technology has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Aspen Technology has a P/B Ratio of 18.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

July 29, 2022 | finance.yahoo.com

Fortive (FTV) Q2 Earnings & Revenues Beat Estimates, Up Y/Y

July 27, 2022 | apnews.com

AspenTech Expands Software Portfolio to Include End-to-End Mining Software Suite with Agreement to Acquire Micromine

July 27, 2022 | seekingalpha.com

AspenTech to buy metals and mining software firm Micromine in $623M deal

July 27, 2022 | finance.yahoo.com

Is Aspen Technology (AZPN) Outperforming Other Computer and Technology Stocks This Year?

July 27, 2022 | finance.yahoo.com

Sensata (ST) Q2 Earnings In Line With Estimates, Revenues Beat

July 26, 2022 | finance.yahoo.com

The Zacks Analyst Blog Highlights Aspen Technology, Camtek, WESCO International, DigitalOcean Holdings and Fastly

July 23, 2022 | finance.yahoo.com

Could The Aspen Technology, Inc. (NASDAQ:AZPN) Ownership Structure Tell Us Something Useful?

July 23, 2022 | americanbankingnews.com

Aspen Technology, Inc. (NASDAQ:AZPN) Receives $193.33 Average Target Price from Analysts

July 23, 2022 | americanbankingnews.com

Aspen Technology, Inc. (NASDAQ:AZPN) Receives $193.33 Average Target Price from Brokerages

July 21, 2022 | finance.yahoo.com

MSCI Scheduled to Report Q2 Earnings: What's in the Cards?

July 19, 2022 | nasdaq.com

Aspen Technology Inc. Shares Close in on 52-Week Low - Market Mover

July 13, 2022 | finance.yahoo.com

Aspen Technology Announces Date of Fourth-Quarter & Fiscal 2022 Financial Results Release, Conference Call and Webcast

July 11, 2022 | finance.yahoo.com

Has Aspen Technology (AZPN) Outpaced Other Computer and Technology Stocks This Year?

July 5, 2022 | morningstar.com

Aspen Technology Inc - Stock Trailing Returns AZPN

July 5, 2022 | morningstar.com

Aspen Technology Inc - Stock Price vs Fair Value AZPN

July 5, 2022 | finance.yahoo.com

Top 5 Nasdaq Stocks Flying High Amid Index's Bloodbath in 1H

June 28, 2022 | finance.yahoo.com

Piper Sandler Lifts Aspen Price Target By 19% To Reflect His Higher Growth Outlook Post Emerson Deal

June 28, 2022 | markets.businessinsider.com

Where Aspen Technology Stands With Analysts

June 23, 2022 | finance.yahoo.com

Aspen Technology, Inc. (NASDAQ:AZPN) Shares Could Be 24% Above Their Intrinsic Value Estimate

June 22, 2022 | finance.yahoo.com

The Zacks Analyst Blog Highlights Archer-Daniels-Midland, W. R. Berkley, Marathon Petroleum, Continental Resources and Aspen Technology

June 21, 2022 | finance.yahoo.com

5 Must-Buy Stocks to Gain From an Expected Bear Market Rally

June 9, 2022 | finance.yahoo.com

Aspen Technology, Inc.'s (NASDAQ:AZPN) 29% Share Price Surge Not Quite Adding Up

June 7, 2022 | finance.yahoo.com

Are Computer and Technology Stocks Lagging Avnet (AVT) This Year?

June 7, 2022 | finance.yahoo.com

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

June 2, 2022 | finance.yahoo.com

KH Neochem Selects Aspen Technology Software to Accelerate Digitalization for the Self Optimizing Plant

See More 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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:AZPN
CUSIP: 04532710
CIK: 929940
Web: www.aspentech.com
Phone: (781) 221-6400
Fax: 781-221-6410
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

EPS (Most Recent Fiscal Year): $4.01
Trailing P/E Ratio: 53.15
Forward P/E Ratio: 41.95
P/E Growth: 2.38
Net Income: $319.80 million
Net Margins: 39.22%
Pretax Margin: 46.36%
Return on Equity: 40.86%
Return on Assets: 22.15%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 4.07
Quick Ratio: 4.07

Sales & Book Value

Annual Sales: $709.38 million
Price / Sales: 19.48
Cash Flow: $5.13 per share
Price / Cash Flow: 41.58
Book Value: $11.77 per share
Price / Book: 18.11

Miscellaneous

Outstanding Shares: 64,830,000
Free Float: 64,180,000
Market Cap: $13.82 billion
Optionable: Optionable
Beta: 1.21

Social Links

Key Executives

Mr. Antonio J. Pietri (Age 56)
Pres, CEO & Director
Ms. Chantelle Breithaupt
Chief Financial Officer
Mr. Willie K. Chan
Chief Technology Officer
Mr. Frederic G. Hammond (Age 62)
Sr. VP & Gen. Counsel
Mr. Glover H. Lawrence (Age 54)
Sr. VP of Corp. Devel.
Mr. Skip Maloney
Sr. VP & Chief HR Officer
Mr. David Arbeitel (Age 59)
Sr. VP of Product Management
Mr. Manish Chawla (Age 49)
Chief Revenue Officer
Mr. John W. Hague (Age 62)
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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Aspen Technology - AZPN Stock Forecast, Price & News

Aspen Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Aspen Technology (NASDAQ:AZPN) Stock

Wall Street Analyst Weigh In

Aspen Technology Trading Up 0.2 %

Insider Activity at Aspen Technology

AZPN Stock News Headlines

AZPN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

AZPN Stock - Frequently Asked Questions

Should I buy or sell Aspen Technology stock right now?

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

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

When is Aspen Technology's next earnings date?

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

How were Aspen Technology's earnings last quarter?

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

What other stocks do shareholders of Aspen Technology own?

What is Aspen Technology's stock symbol?

Who are Aspen Technology's major shareholders?

How do I buy shares of Aspen Technology?

What is Aspen Technology's stock price today?

How much money does Aspen Technology make?

How many employees does Aspen Technology have?

Does Aspen Technology have any subsidiaries?

When was Aspen Technology founded?

How can I contact Aspen Technology?

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Overall MarketRank^™