Aspen Technology (AZPN) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AZPN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AZPN, but not buy additional shares or sell existing shares.
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8 Wall Street analysts have issued 12 month price objectives for Aspen Technology's shares. Their AZPN share price forecasts range from $195.00 to $240.00. On average, they predict the company's share price to reach $217.83 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
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Aspen Technology's stock was trading at $205.40 on January 1st, 2023. Since then, AZPN stock has decreased by 20.5% and is now trading at $163.37.
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Aspen Technology saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,500,000 shares, an increase of 60.8% from the April 30th total of 932,900 shares. Based on an average daily trading volume, of 225,800 shares, the short-interest ratio is currently 6.6 days. Currently, 5.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) issued its quarterly earnings results on Tuesday, October, 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.12. The technology company had revenue of $136 million for the quarter, compared to the consensus estimate of $125.23 million. Aspen Technology had a positive trailing twelve-month return on equity of 2.24% and a negative net margin of 8.09%. Aspen Technology's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS.

ETFs with the largest weight of Aspen Technology (NASDAQ:AZPN) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), Argent Mid Cap ETF (AMID), BlackRock Future Innovators ETF (BFTR), Invesco S&P MidCap Momentum ETF (XMMO), Pacer Industrials and Logistics ETF (SHPP), BlackRock Future Tech ETF (BTEK) and First Trust Innovation Leaders ETF (ILDR).

Aspen Technology updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $5.63-$5.83 for the period, compared to the consensus estimate of $7.06. The company issued revenue guidance of $1.04 billion-$1.06 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.43%), Kayne Anderson Rudnick Investment Management LLC (5.55%), FMR LLC (3.11%), Franklin Resources Inc. (1.79%), State Street Corp (1.47%) and Nordea Investment Management AB (1.45%). 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 $163.37.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $10.60 billion and generates $405.30 million in revenue each year. The technology company earns $53.15 million in net income (profit) each year or ($0.95) on an earnings per share basis.

The company employs 3,574 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.