Aspen Technology (AZPN) Reaches New 12-Month High and Low at $95.16

Shares of Aspen Technology (NASDAQ:AZPN) reached a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $95.16 and last traded at $95.15, with a volume of 309531 shares. The stock had previously closed at $94.05.

A number of analysts recently issued reports on the company. ValuEngine raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, May 1st. Canaccord Genuity increased their target price on Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. KeyCorp increased their target price on Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, Wedbush increased their target price on Aspen Technology from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.88.

The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 44.74, a P/E/G ratio of 4.61 and a beta of 1.21.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $125.87 million during the quarter, compared to the consensus estimate of $121.94 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 5.5% on a year-over-year basis. equities analysts anticipate that Aspen Technology will post 2.04 EPS for the current year.

In other news, insider Karl E. Johnsen sold 7,559 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $89.17, for a total value of $674,036.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP F G. Hammond sold 16,024 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $88.00, for a total value of $1,410,112.00. Following the completion of the sale, the vice president now directly owns 29,113 shares of the company’s stock, valued at approximately $2,561,944. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,083 shares of company stock valued at $2,216,193. Insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its holdings in shares of Aspen Technology by 5.3% in the 1st quarter. Aperio Group LLC now owns 12,558 shares of the technology company’s stock valued at $991,000 after buying an additional 635 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Aspen Technology by 4.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,734 shares of the technology company’s stock valued at $1,637,000 after buying an additional 962 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Aspen Technology by 7.1% in the 1st quarter. Natixis Advisors L.P. now owns 16,459 shares of the technology company’s stock valued at $1,298,000 after buying an additional 1,097 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Aspen Technology by 0.8% in the 1st quarter. American Century Companies Inc. now owns 149,280 shares of the technology company’s stock valued at $11,777,000 after buying an additional 1,135 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Aspen Technology by 35.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock valued at $297,000 after buying an additional 1,180 shares during the last quarter. 99.99% of the stock is owned by institutional investors.

Aspen Technology Company Profile

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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