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

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

Aspen Technology, Inc. (NASDAQ:AZPN) posted its quarterly earnings results on Wednesday, January, 29th. The technology company reported $0.66 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.80 by $0.14. The technology company earned $124.73 million during the quarter, compared to the consensus estimate of $135.46 million. Aspen Technology had a return on equity of 63.67% and a net margin of 41.49%. The business's revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. 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 issued an update on 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 equities research analysts have issued 1-year price targets for Aspen Technology's shares. 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 year. This suggests a possible upside of 14.6% 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.

News coverage about AZPN stock has trended negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Aspen Technology earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the near term. View News Stories for Aspen Technology.

Aspen Technology saw a increase in short interest in 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 daily volume of 379,800 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.3% of the company's shares are sold short. 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), Synopsys (SNPS), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS) and Guidewire Software (GWRE).

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), CVS Health (CVS), Procter & Gamble (PG), QUALCOMM (QCOM), salesforce.com (CRM) and Honeywell International (HON).

Aspen Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (8.98%), Renaissance Technologies LLC (2.89%), Alliancebernstein L.P. (2.29%), William Blair Investment Management LLC (2.20%), FMR LLC (2.18%) and Bamco Inc. NY (1.88%). 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, Standard Life Aberdeen plc, Credit Suisse AG, William Blair Investment Management LLC and Russell Investments Group Ltd.. 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 purchased 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 $123.37.

Aspen Technology has a market capitalization of $8.38 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.