Aspen Technology - AZPN Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AZPN shares.
View AZPN analyst ratings or view top-rated stocks.

5 equities research analysts have issued 1 year target prices for Aspen Technology's stock. Their AZPN share price forecasts range from $162.00 to $230.00. On average, they predict the company's stock price to reach $203.20 in the next year. This suggests that the stock has a possible downside of 4.6%.
View analysts price targets for AZPN or view top-rated stocks among Wall Street analysts.

Aspen Technology's stock was trading at $152.20 on January 1st, 2022. Since then, AZPN shares have increased by 39.9% and is now trading at $213.00.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our AZPN earnings forecast.

Aspen Technology, Inc. (NASDAQ:AZPN) announced its quarterly earnings results on Monday, August, 8th. The technology company reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.36. The technology company had revenue of $238.90 million for the quarter, compared to analysts' expectations of $293.17 million. Aspen Technology had a net margin of 31.82% and a trailing twelve-month return on equity of 8.23%. The company's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS.

Aspen Technology issued an update on its FY23 earnings guidance on Monday, August, 8th. The company provided EPS guidance of $6.40-$6.89 for the period, compared to the consensus estimate of $6.55. The company issued revenue guidance of $1.14-$1.20 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 many different retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (0.97%), Clearbridge Investments LLC (0.72%), Lazard Asset Management LLC (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.59%), Robeco Institutional Asset Management B.V. (0.37%) and Boston Trust Walden Corp (0.31%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of AZPN stock can currently be purchased for approximately $213.00.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.81 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $3.75 on an earnings per share basis.

The company employs 1,897 workers across the globe.

Aspen Technology was founded in 1981.

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.