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.