Aspen Technology Stock Forecast, Price & News

5 Wall Street research 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Aspen Technology stock. 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.
View analyst ratings for Aspen Technology or view top-rated stocks.

Wall Street analysts have given Aspen Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Aspen Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Aspen Technology saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 3,020,000 shares, an increase of 76.6% from the May 13th total of 1,710,000 shares. Based on an average trading volume of 680,700 shares, the short-interest ratio is currently 4.4 days. Currently, 4.5% of the company's shares are sold short.
View Aspen Technology's Short Interest.

Aspen Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Aspen Technology.

Aspen Technology, Inc. (NASDAQ:AZPN) released its earnings results on Tuesday, April, 27th. The technology company reported $1.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.11 by $0.06. The technology company had revenue of $162.80 million for the quarter, compared to the consensus estimate of $178.37 million. Aspen Technology had a trailing twelve-month return on equity of 55.65% and a net margin of 45.30%. The business's revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share.
View Aspen Technology's earnings history.

Aspen Technology's stock was trading at $94.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AZPN stock has increased by 44.5% and is now trading at $137.05.
View which stocks have been most impacted by COVID-19.

Aspen Technology issued an update on its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of 4.980-5.220 for the period, compared to the Thomson Reuters consensus estimate of $5.450. The company issued revenue guidance of $705 million-$729 million, compared to the consensus revenue estimate of $745.29 million.

5 Wall Street analysts have issued twelve-month price objectives for Aspen Technology's shares. Their forecasts range from $112.00 to $180.00. On average, they anticipate Aspen Technology's share price to reach $150.40 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts' price targets for Aspen Technology or view top-rated stocks among Wall Street analysts.

131 employees have rated Aspen Technology CEO Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among Aspen Technology's employees.

Some companies that are related to Aspen Technology include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), Tyler Technologies (TYL), Nuance Communications (NUAN), Fair Isaac (FICO), Citrix Systems (CTXS) and FactSet Research Systems (FDS).
View all of AZPN's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), The Home Depot (HD), QUALCOMM (QCOM), CVS Health (CVS), Intel (INTC), NVIDIA (NVDA), Visa (V), Johnson & Johnson (JNJ) and The 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 Kayne Anderson Rudnick Investment Management LLC (9.81%), BlackRock Inc. (5.37%), Waddell & Reed Financial Inc. (4.77%), Neuberger Berman Group LLC (3.90%), BlueSpruce Investments LP (3.28%) and William Blair Investment Management LLC (2.27%). Company insiders that own Aspen Technology stock include Antonio J Pietri, Donald P Casey, John Hague, Jr Robert M Whelan and Karl E Johnsen.
View institutional ownership trends for Aspen Technology.

AZPN stock was sold by a variety of institutional investors in the last quarter, including BlueSpruce Investments LP, Brown Advisory Inc., Two Creeks Capital Management LP, Renaissance Technologies LLC, Principal Financial Group Inc., Principal Financial Group Inc., Waddell & Reed Financial Inc., and Price T Rowe Associates Inc. MD. Company insiders that have sold Aspen Technology company stock in the last year include Antonio J Pietri, John Hague, Jr Robert M Whelan, and Karl E Johnsen.
View insider buying and selling activity for Aspen Technology or view top insider-selling stocks.

AZPN stock was acquired by a variety of institutional investors in the last quarter, including 40 North Management LLC, Bessemer Group Inc., Millennium Management LLC, Nordea Investment Management AB, Valley Forge Capital Management LP, Robeco Institutional Asset Management B.V., Mawer Investment Management Ltd., and Ameriprise Financial Inc..
View insider buying and selling activity for Aspen Technology or or view top insider-buying stocks.

Shares of AZPN 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.
Compare Top Brokerages Here.

One share of AZPN stock can currently be purchased for approximately $137.05.

Aspen Technology has a market capitalization of $9.32 billion and generates $590.18 million in revenue each year. The technology company earns $229.67 million in net income (profit) each year or $3.36 on an earnings per share basis.

Aspen Technology employs 1,710 workers across the globe.

The following companies are subsidiares of Aspen Technology: Apex Optimisation, Apex Optimisation Inc., Apex Optimisation Ltd., Apex Optimisation SRO, Apex Optimisation Technologies B.V., Apex Optimisation UK Ltd., Argent & Waugh Ltd., Aspen Tech India Private Ltd., Aspen Tech de Mexico S. de R.L. de C.V., Aspen Technology (Asia) Inc., Aspen Technology Australia Pty. Ltd., Aspen Technology International Inc., Aspen Technology LLC, Aspen Technology S.A.S., Aspen Technology S.L., Aspen Technology Services Corporation, AspenTech (Beijing) Ltd., AspenTech (Shanghai) Ltd., AspenTech (Thailand) Ltd., AspenTech Africa (Pty.) Ltd., AspenTech Argentina S.R.L., AspenTech Canada Corporation, AspenTech Canada Holdings LLC, AspenTech Europe B.V., AspenTech Europe S.A./N.V., AspenTech Holding Corporation, AspenTech Japan Co. Ltd., AspenTech Ltd., AspenTech Pte. Ltd., AspenTech S.r.l., AspenTech Software Brasil Ltda., AspenTech Software Corporation, AspenTech Solutions Sdn. Bhd., AspenTech Venezuela C.A., Hyprotech, Hyprotech UK Ltd., Mtell, Mtelligence Corporation, Petrolsoft, RtTech Software - Cipher IoT, Sabisu Ltd., The Fidelis Group, The Fidelis Group LLC, and mnubo.

Aspen Technology was founded in 1981.

The official website for Aspen Technology is www.aspentech.com.

Aspen Technology is headquartered at 20 Crosby Drive, Bedford MA, 01730.

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