Aspen Technology, Inc. (NASDAQ:AZPN) Receives $272.00 Consensus Target Price from Analysts

Aspen Technology, Inc. (NASDAQ:AZPN) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $272.00.

Several equities research analysts recently weighed in on AZPN shares. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $265.00 to $315.00 in a report on Monday, February 10th. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Piper Sandler lifted their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC bought a new position in shares of Aspen Technology in the 4th quarter worth about $1,722,000. Kolinsky Wealth Management LLC raised its position in shares of Aspen Technology by 9.0% in the 4th quarter. Kolinsky Wealth Management LLC now owns 1,448 shares of the technology company’s stock worth $361,000 after acquiring an additional 119 shares in the last quarter. Sone Capital Management LLC bought a new position in shares of Aspen Technology in the 4th quarter worth about $6,515,000. Squarepoint Ops LLC bought a new position in shares of Aspen Technology in the 4th quarter worth about $2,523,000. Finally, Twin Securities Inc. bought a new position in shares of Aspen Technology in the 4th quarter worth about $10,517,000. 45.66% of the stock is owned by institutional investors.

Aspen Technology Stock Down 0.1 %

NASDAQ AZPN opened at $264.59 on Thursday. Aspen Technology has a twelve month low of $171.25 and a twelve month high of $277.37. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 3,307.79, a price-to-earnings-growth ratio of 3.01 and a beta of 0.76. The business’s fifty day moving average is $256.14 and its 200 day moving average is $241.29.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, research analysts anticipate that Aspen Technology will post 6.7 earnings per share for the current fiscal year.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.