Aspen Technology (NASDAQ:AZPN) Issues Quarterly Earnings Results

Aspen Technology (NASDAQ:AZPN) posted its earnings results on Monday. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54), Briefing.com reports. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The business had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same period last year, the business posted $0.96 EPS. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Trading Up 1.4 %

AZPN traded up $3.41 on Tuesday, reaching $241.00. The stock had a trading volume of 1,474,896 shares, compared to its average volume of 207,974. Aspen Technology has a 12-month low of $162.26 and a 12-month high of $246.60. The business’s 50-day moving average price is $233.16 and its two-hundred day moving average price is $212.94. The company has a market cap of $15.24 billion, a P/E ratio of -1,504.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76.

Wall Street Analysts Forecast Growth

AZPN has been the topic of several research reports. Piper Sandler lifted their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America lifted their price target on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Loop Capital upped their price objective on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Robert W. Baird lifted their target price on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Aspen Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Insider Activity

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% 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.