Aspen Technology - AZPN Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AZPN shares.
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6 Wall Street analysts have issued 12-month price objectives for Aspen Technology's stock. Their AZPN share price forecasts range from $225.00 to $280.00. On average, they predict the company's share price to reach $243.40 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
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Aspen Technology's stock was trading at $152.20 at the beginning of 2022. Since then, AZPN stock has increased by 47.4% and is now trading at $224.34.
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Aspen Technology saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 908,600 shares, a decline of 11.8% from the October 31st total of 1,030,000 shares. Based on an average trading volume of 221,200 shares, the short-interest ratio is currently 4.1 days. Currently, 3.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) released its quarterly earnings data on Wednesday, October, 26th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.25 by $0.95. The technology company earned $250.82 million during the quarter, compared to analyst estimates of $236.76 million. Aspen Technology had a net margin of 21.55% and a trailing twelve-month return on equity of 5.75%. The company's quarterly revenue was up 84.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS.

Aspen Technology issued an update on its FY 2023 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $6.76-$6.91 for the period, compared to the consensus estimate of $6.75. The company issued revenue guidance of $1.14 billion-$1.20 billion, compared to the consensus revenue estimate of $1.17 billion.

225 employees have rated Aspen Technology Chief Executive Officer Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among the company's employees. 64.0% of employees surveyed would recommend working at Aspen Technology to a friend.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.09%), Kayne Anderson Rudnick Investment Management LLC (4.76%), Vanguard Group Inc. (4.31%), Neuberger Berman Group LLC (1.52%), Nordea Investment Management AB (1.47%) and State Street Corp (1.20%). Insiders that own company 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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Shares of AZPN stock 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 $224.34.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $14.48 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $3.00 on an earnings per share basis.

The company employs 1,897 workers across the globe.

Aspen Technology's mailing address is 20 Crosby Drive, Bedford MA, 01730. The official website for the company 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.