Aspen Technology (AZPN) Sets New 1-Year High and Low at $99.86

Aspen Technology, Inc. (NASDAQ:AZPN)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $99.86 and last traded at $99.26, with a volume of 5346 shares. The stock had previously closed at $99.09.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 3rd. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Tuesday, May 1st. Wedbush lifted their price objective on shares of Aspen Technology from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 26th. KeyCorp boosted their price target on shares of Aspen Technology from $88.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Finally, Berenberg Bank boosted their price target on shares of Aspen Technology to $98.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Aspen Technology presently has an average rating of “Buy” and a consensus target price of $83.88.

The company has a market cap of $6.95 billion, a PE ratio of 47.14, a PEG ratio of 4.71 and a beta of 1.23.



Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, April 25th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. Aspen Technology had a negative return on equity of 61.04% and a net margin of 33.19%. The business had revenue of $125.87 million for the quarter, compared to analysts’ expectations of $121.94 million. During the same period in the previous year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts expect that Aspen Technology, Inc. will post 2.04 earnings per share for the current fiscal year.

In other news, VP F G. Hammond sold 16,024 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $88.00, for a total transaction of $1,410,112.00. Following the sale, the vice president now directly owns 29,113 shares in the company, valued at $2,561,944. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jr. Robert M. Whelan sold 1,500 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $88.03, for a total value of $132,045.00. Following the sale, the director now owns 11,887 shares in the company, valued at $1,046,412.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,183 shares of company stock worth $2,225,566. Company insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Aspen Technology during the first quarter valued at about $134,000. Sciencast Management LP bought a new position in shares of Aspen Technology in the first quarter worth approximately $200,000. CIBC Asset Management Inc bought a new position in shares of Aspen Technology in the first quarter worth approximately $203,000. Zeke Capital Advisors LLC bought a new position in shares of Aspen Technology in the fourth quarter worth approximately $204,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Aspen Technology in the fourth quarter worth approximately $209,000.

About Aspen Technology

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It 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.

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