Aspen Technology (AZPN) Rating Increased to B at TheStreet

Aspen Technology (NASDAQ:AZPN) was upgraded by research analysts at TheStreet from a “d-” rating to a “b” rating in a research report issued on Friday.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Berenberg Bank lowered their price objective on Aspen Technology from $127.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 21st. Canaccord Genuity upped their price objective on Aspen Technology from $84.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 17th. Finally, Wedbush upped their price objective on Aspen Technology from $80.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $97.63.

Shares of NASDAQ AZPN opened at $82.82 on Friday. Aspen Technology has a twelve month low of $63.57 and a twelve month high of $118.86. The company has a market capitalization of $6.28 billion, a PE ratio of 40.20, a PEG ratio of 1.89 and a beta of 1.27.



Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.12. Aspen Technology had a negative return on equity of 168.12% and a net margin of 30.96%. The business had revenue of $114.17 million during the quarter, compared to the consensus estimate of $113.49 million. On average, sell-side analysts predict that Aspen Technology will post 2.85 earnings per share for the current fiscal year.

In other Aspen Technology news, insider Karl E. Johnsen sold 9,438 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $108.07, for a total transaction of $1,019,964.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio J. Pietri sold 9,193 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $109.44, for a total value of $1,006,081.92. Following the transaction, the chief executive officer now owns 228,730 shares of the company’s stock, valued at approximately $25,032,211.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,250 shares of company stock valued at $3,595,936. 0.80% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in Aspen Technology by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,862,800 shares of the technology company’s stock worth $358,236,000 after acquiring an additional 194,900 shares during the period. FMR LLC boosted its position in Aspen Technology by 12.8% during the 2nd quarter. FMR LLC now owns 2,208,130 shares of the technology company’s stock worth $204,782,000 after acquiring an additional 250,691 shares during the period. Brown Advisory Inc. boosted its position in Aspen Technology by 4.3% during the 2nd quarter. Brown Advisory Inc. now owns 747,207 shares of the technology company’s stock worth $69,296,000 after acquiring an additional 30,579 shares during the period. Millennium Management LLC acquired a new position in Aspen Technology during the 2nd quarter worth $53,964,000. Finally, Standard Life Aberdeen plc boosted its position in Aspen Technology by 51.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 533,864 shares of the technology company’s stock worth $49,505,000 after acquiring an additional 180,847 shares during the period. Institutional investors own 97.93% of the company’s stock.

Aspen Technology Company Profile

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.

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Analyst Recommendations for Aspen Technology (NASDAQ:AZPN)

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