Aspen Technology (NASDAQ:AZPN) Updates FY 2025 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 7.520-7.520 for the period, compared to the consensus estimate of 7.470. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

A number of brokerages have weighed in on AZPN. Robert W. Baird boosted their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Loop Capital upped their price target on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com began coverage on shares of Aspen Technology in a research report on Thursday. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $253.00.

Aspen Technology Trading Up 0.4 %

Shares of NASDAQ:AZPN opened at $247.04 on Friday. Aspen Technology has a 12-month low of $171.25 and a 12-month high of $249.91. The stock has a 50 day moving average of $235.80 and a 200 day moving average of $215.15.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, research analysts expect that Aspen Technology will post 6.68 earnings per share for the current year.

Insider Activity at Aspen Technology

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the sale, the director now owns 8,540 shares in the company, valued at $1,871,114. This trade represents a 10.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.