Aspen Technology - AZPN Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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7 Wall Street research analysts have issued twelve-month price objectives for Aspen Technology's shares. Their AZPN share price forecasts range from $195.00 to $244.00. On average, they anticipate the company's stock price to reach $218.50 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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Aspen Technology's stock was trading at $205.40 at the start of the year. Since then, AZPN shares have decreased by 0.3% and is now trading at $204.74.
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Aspen Technology saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,030,000 shares, an increase of 7.5% from the February 13th total of 958,100 shares. Based on an average trading volume of 194,300 shares, the days-to-cover ratio is presently 5.3 days. Currently, 3.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) released its quarterly earnings data on Tuesday, October, 26th. The technology company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.12. The technology company earned $136 million during the quarter, compared to the consensus estimate of $125.23 million. Aspen Technology had a trailing twelve-month return on equity of 3.27% and a net margin of 5.96%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $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), Argent Mid Cap ETF (AMID), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), BlackRock Future Innovators ETF (BFTR), BlackRock Future Tech ETF (BTEK), Invesco S&P MidCap Momentum ETF (XMMO), Inspire Fidelis Multi Factor ETF (FDLS) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC).

Aspen Technology issued an update on its FY23 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $6.83-$7.43 for the period, compared to the consensus estimate of $6.86. 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 institutional and retail investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (2.42%), Franklin Resources Inc. (1.67%), Neuberger Berman Group LLC (1.50%), Nordea Investment Management AB (1.45%), Jackson Square Partners LLC (1.01%) and Bamco Inc. NY (0.84%). 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 $204.74.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.26 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $1.06 on an earnings per share basis.

The company employs 1,897 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.