Aspen Technology, Inc. (NASDAQ:AZPN) Given Average Rating of “Hold” by Brokerages

Aspen Technology, Inc. (NASDAQ:AZPN) has been given a consensus rating of “Hold” by the seven research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $272.00.

AZPN has been the topic of a number of recent research reports. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Robert W. Baird restated a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Piper Sandler lifted their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $265.00 to $315.00 in a research note on Monday. Finally, Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Aspen Technology Trading Down 0.1 %

Shares of AZPN stock opened at $265.10 on Thursday. The stock’s 50-day moving average price is $254.85 and its 200-day moving average price is $238.54. Aspen Technology has a 12-month low of $171.25 and a 12-month high of $277.37. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 3,314.16, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, research analysts predict that Aspen Technology will post 6.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bailard Inc. lifted its stake in shares of Aspen Technology by 0.9% during the 4th quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock worth $1,134,000 after acquiring an additional 41 shares during the last quarter. Net Worth Advisory Group increased its stake in Aspen Technology by 1.0% in the fourth quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock worth $1,048,000 after purchasing an additional 41 shares during the period. Commerce Bank lifted its position in shares of Aspen Technology by 3.1% during the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock worth $370,000 after purchasing an additional 47 shares during the last quarter. Heritage Family Offices LLP boosted its stake in shares of Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock valued at $431,000 after purchasing an additional 47 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Aspen Technology by 0.4% in the third quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock worth $3,271,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

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.