Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $140.33.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Aspen Technology from $131.00 to $123.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 11th. BidaskClub cut shares of Aspen Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 7th. Canaccord Genuity raised their price objective on shares of Aspen Technology from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, ValuEngine upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd.
Aspen Technology stock opened at $119.12 on Friday. The firm’s fifty day moving average price is $119.04 and its 200-day moving average price is $124.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $8.09 billion, a P/E ratio of 31.60 and a beta of 1.56. Aspen Technology has a fifty-two week low of $75.01 and a fifty-two week high of $142.15.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.30. The firm had revenue of $134.09 million for the quarter, compared to analysts’ expectations of $119.49 million. Aspen Technology had a net margin of 43.83% and a return on equity of 67.12%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. On average, analysts predict that Aspen Technology will post 3.32 earnings per share for the current year.
In related news, CFO Karl E. Johnsen sold 2,310 shares of Aspen Technology stock in a transaction on Monday, October 28th. The shares were sold at an average price of $116.82, for a total value of $269,854.20. Following the transaction, the chief financial officer now owns 28,667 shares in the company, valued at approximately $3,348,878.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Summit Global Investments raised its position in Aspen Technology by 0.3% in the 2nd quarter. Summit Global Investments now owns 27,030 shares of the technology company’s stock worth $3,359,000 after purchasing an additional 89 shares during the period. First Allied Advisory Services Inc. raised its position in Aspen Technology by 4.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 3,158 shares of the technology company’s stock worth $390,000 after purchasing an additional 122 shares during the period. Metropolitan Life Insurance Co NY raised its position in Aspen Technology by 2.6% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,079 shares of the technology company’s stock worth $625,000 after purchasing an additional 131 shares during the period. Zacks Investment Management raised its position in Aspen Technology by 0.6% in the 2nd quarter. Zacks Investment Management now owns 23,563 shares of the technology company’s stock worth $2,928,000 after purchasing an additional 149 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aspen Technology by 4.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,749 shares of the technology company’s stock worth $585,000 after purchasing an additional 187 shares during the period. Institutional investors own 97.11% of the company’s stock.
About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
See Also: Cash Asset Ratio
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.