Aspen Technology (NASDAQ:AZPN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Aspen Technology (NASDAQ:AZPN) in a research report released on Thursday. The firm issued a hold rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Piper Sandler lifted their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Robert W. Baird restated a “neutral” rating and set a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $272.00.

Aspen Technology Stock Up 0.1 %

NASDAQ:AZPN opened at $265.25 on Thursday. The company has a fifty day moving average of $259.62 and a 200-day moving average of $246.24. The firm has a market capitalization of $16.79 billion, a P/E ratio of 3,316.04, a P/E/G ratio of 3.00 and a beta of 0.73. Aspen Technology has a twelve month low of $171.25 and a twelve month high of $277.37.

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 net margin of 0.54% and a return on equity of 3.17%. On average, analysts anticipate that Aspen Technology will post 6.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Aspen Technology

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Aspen Technology during the 4th quarter worth $26,000. Atala Financial Inc purchased a new position in Aspen Technology during the 4th quarter worth $44,000. Bessemer Group Inc. boosted its holdings in Aspen Technology by 29.7% during the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock worth $48,000 after acquiring an additional 44 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Aspen Technology by 965.0% during the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares during the last quarter. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Company Profile

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.