Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $167.71.
AZPN has been the topic of a number of recent research reports. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Thursday, March 17th. StockNews.com initiated coverage on shares of Aspen Technology in a report on Thursday, March 31st. They set a “hold” rating for the company.
Several institutional investors and hedge funds have recently modified their holdings of AZPN. First Horizon Advisors Inc. boosted its position in Aspen Technology by 956.3% in the fourth quarter. First Horizon Advisors Inc. now owns 169 shares of the technology company’s stock worth $25,000 after purchasing an additional 153 shares during the last quarter. Confluence Wealth Services Inc. purchased a new stake in shares of Aspen Technology during the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its stake in shares of Aspen Technology by 97.2% in the fourth quarter. Parallel Advisors LLC now owns 213 shares of the technology company’s stock valued at $32,000 after buying an additional 105 shares during the period. JFS Wealth Advisors LLC purchased a new position in shares of Aspen Technology during the fourth quarter worth about $33,000. Finally, National Bank of Canada FI purchased a new position in shares of Aspen Technology during the fourth quarter worth approximately $34,000. 99.64% of the stock is owned by institutional investors.
Aspen Technology stock traded down $1.55 during mid-day trading on Monday, reaching $161.95. The company’s stock had a trading volume of 223,184 shares, compared to its average volume of 501,213. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.40 and a current ratio of 3.40. Aspen Technology has a 12 month low of $122.29 and a 12 month high of $169.22. The business’s 50 day simple moving average is $150.39 and its 200 day simple moving average is $150.04.
Aspen Technology (NASDAQ:AZPN – Get Rating) last announced its quarterly earnings data on Wednesday, January 26th. The technology company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.30). Aspen Technology had a net margin of 38.80% and a return on equity of 38.51%. The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $188.17 million. During the same quarter in the prior year, the firm earned $1.93 earnings per share. As a group, sell-side analysts expect that Aspen Technology will post 4.88 EPS for the current year.
About Aspen Technology (Get Rating)
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
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