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NASDAQ:AZPNAspen Technology Stock Price, Forecast & News

$99.46
-4.91 (-4.70 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$99.30
Now: $99.46
$104.16
50-Day Range
$94.33
MA: $102.91
$111.53
52-Week Range
$73.07
Now: $99.46
$142.89
Volume601,800 shs
Average Volume421,152 shs
Market Capitalization$6.72 billion
P/E Ratio29.60
Dividend YieldN/A
Beta1.31
Aspen Technology, Inc., together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments. The company's software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance that are integrated applications, which allow end users to design process manufacturing environments, monitor operational performances, respond and adapt to operational changes, predict asset reliability and equipment failure, and manage planning and scheduling activities, as well as collaborate across these functions and activities. It also provides software maintenance and support, professional, and training services. The company's customers comprise companies that are engaged in the process and other capital-intensive industries, such as energy, chemicals, engineering, and construction, as well as pharmaceuticals, transportation, power, metals and mining, pulp and paper, and consumer packaged goods. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryApplication Software
Current SymbolNASDAQ:AZPN
CUSIP04532710
Phone781-221-6400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$598.34 million
Cash Flow$4.00 per share
Book Value$5.70 per share

Profitability

Net Income$262.73 million

Miscellaneous

Employees1,600
Market Cap$6.72 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Aspen Technology (NASDAQ:AZPN) Frequently Asked Questions

How has Aspen Technology's stock been impacted by COVID-19 (Coronavirus)?

Aspen Technology's stock was trading at $94.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AZPN stock has increased by 4.8% and is now trading at $99.46. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Aspen Technology?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Aspen Technology.

When is Aspen Technology's next earnings date?

Aspen Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Aspen Technology.

How were Aspen Technology's earnings last quarter?

Aspen Technology, Inc. (NASDAQ:AZPN) posted its quarterly earnings results on Wednesday, May, 6th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.04. The technology company earned $132 million during the quarter, compared to analyst estimates of $141.24 million. Aspen Technology had a net margin of 39.54% and a return on equity of 60.82%. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. View Aspen Technology's earnings history.

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

Aspen Technology updated its FY20 earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of $3.16-3.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.53. The company issued revenue guidance of $550-582 million, compared to the consensus revenue estimate of $575.07 million.

What price target have analysts set for AZPN?

7 Wall Street analysts have issued 1 year target prices for Aspen Technology's shares. Their forecasts range from $100.00 to $152.00. On average, they anticipate Aspen Technology's stock price to reach $124.14 in the next year. This suggests a possible upside of 24.8% from the stock's current price. View analysts' price targets for Aspen Technology.

Has Aspen Technology been receiving favorable news coverage?

News coverage about AZPN stock has trended very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Aspen Technology earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Aspen Technology.

Are investors shorting Aspen Technology?

Aspen Technology saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,640,000 shares, a drop of 10.9% from the June 15th total of 1,840,000 shares. Based on an average daily volume of 553,300 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.4% of the company's stock are short sold. View Aspen Technology's Current Options Chain.

Who are some of Aspen Technology's key competitors?

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), Visa (V), Home Depot (HD), NVIDIA (NVDA), QUALCOMM (QCOM), CVS Health (CVS), Honeywell International (HON), AT&T (T) and salesforce.com (CRM).

Who are Aspen Technology's key executives?

Aspen Technology's management team includes the following people:
  • Mr. Antonio J. Pietri, Pres, CEO & Director (Age 53)
  • Mr. Karl E. Johnsen, Sr. VP & CFO (Age 51)
  • Mr. Frederic G. Hammond, Sr. VP, Gen. Counsel & Sec. (Age 59)
  • Mr. Gary M. Weiss, Chief Operating Officer (Age 52)
  • Mr. Willie K. Chan, Chief Technology Officer

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 Riverbridge Partners LLC (0.26%), Envestnet Asset Management Inc. (0.23%), Whittier Trust Co. (0.04%) and Whittier Trust Co. of Nevada Inc. (0.01%). Company insiders that own Aspen Technology stock include Antonio J Pietri, Donald P Casey, F G Hammond, Gary E Haroian, Jr Robert M Whelan, Karl E Johnsen and Simon Orebi Gann. 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 Whittier Trust Co.. Company insiders that have sold Aspen Technology company stock in the last year include Donald P Casey, and Karl E Johnsen. View insider buying and selling activity for Aspen Technology.

Which major investors are buying Aspen Technology stock?

AZPN stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Riverbridge Partners LLC, and Whittier Trust Co. of Nevada Inc.. View insider buying and selling activity 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Aspen Technology's stock price today?

One share of AZPN stock can currently be purchased for approximately $99.46.

How big of a company is Aspen Technology?

Aspen Technology has a market capitalization of $6.72 billion and generates $598.34 million in revenue each year. The technology company earns $262.73 million in net income (profit) each year or $3.77 on an earnings per share basis. Aspen Technology employs 1,600 workers across the globe.

What is Aspen Technology's official website?

The official website for Aspen Technology is www.aspentech.com.

How can I contact Aspen Technology?

Aspen Technology's mailing address is 20 Crosby Drive, Bedford MA, 01730. The technology company can be reached via phone at 781-221-6400.

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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