NASDAQ:AZPN - Aspen Technology Stock Price, Forecast & News

Aspen Technology trades on the NASDAQ under the ticker symbol "AZPN."

Aspen Technology, Inc. (NASDAQ:AZPN) announced its quarterly earnings results on Wednesday, January, 29th. The technology company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.14. The technology company earned $124.73 million during the quarter, compared to analyst estimates of $135.46 million. Aspen Technology had a net margin of 41.49% and a return on equity of 63.67%. The business's revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. View Aspen Technology's Earnings History.

Aspen Technology is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Aspen Technology.

Aspen Technology updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $3.43-3.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.79. The company issued revenue guidance of $575-615 million, compared to the consensus revenue estimate of $602.48 million.

7 brokerages have issued 12-month price objectives for Aspen Technology's stock. Their forecasts range from $123.00 to $154.00. On average, they anticipate Aspen Technology's share price to reach $141.43 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for Aspen Technology.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Aspen Technology.

Media coverage about AZPN stock has trended extremely negative on Monday, InfoTrie Sentiment Analysis reports. 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 public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Aspen Technology earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. View News Stories for Aspen Technology.

Aspen Technology saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 891,100 shares, an increase of 25.1% from the January 15th total of 712,100 shares. Based on an average trading volume of 379,800 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.3% of the shares of the stock are short sold. View Aspen Technology's Current Options Chain.

Some companies that are related to Aspen Technology include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Pegasystems (PEGA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), Home Depot (HD), Visa (V), Procter & Gamble (PG), QUALCOMM (QCOM), CVS Health (CVS), salesforce.com (CRM) and Honeywell International (HON).

Aspen Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.98%), Renaissance Technologies LLC (2.89%), William Blair Investment Management LLC (2.20%), FMR LLC (2.18%), Franklin Resources Inc. (1.63%) and State Street Corp (1.36%). 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.

AZPN stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Credit Suisse AG, William Blair Investment Management LLC, Russell Investments Group Ltd. and UBS Asset Management Americas Inc.. Company insiders that have sold Aspen Technology company stock in the last year include Antonio J Pietri, F G Hammond, Karl E Johnsen and Simon Orebi Gann. View Insider Buying and Selling for Aspen Technology.

AZPN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Fred Alger Management LLC, Echo Street Capital Management LLC, Waratah Capital Advisors Ltd., Franklin Resources Inc., Pictet Asset Management Ltd., TCW Group Inc. and KBC Group NV. View Insider Buying and Selling for 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.

One share of AZPN stock can currently be purchased for approximately $127.32.

Aspen Technology has a market capitalization of $8.65 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.View Additional Information About Aspen Technology.

The official website for Aspen Technology is http://www.aspentech.com/.

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