Recent Research Analysts’ Ratings Updates for Aspen Technology (AZPN)

Aspen Technology (NASDAQ: AZPN) recently received a number of ratings updates from brokerages and research firms:

  • 8/12/2019 – Aspen Technology had its “positive” rating reaffirmed by analysts at Wedbush. They now have a $155.00 price target on the stock, up previously from $146.00.
  • 8/12/2019 – Aspen Technology had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $152.00 price target on the stock, up previously from $133.00.
  • 8/8/2019 – Aspen Technology had its price target raised by analysts at JPMorgan Chase & Co. from $114.00 to $131.00. They now have an “underweight” rating on the stock.
  • 8/8/2019 – Aspen Technology had its price target raised by analysts at KeyCorp from $124.00 to $141.00. They now have an “overweight” rating on the stock.
  • 8/8/2019 – Aspen Technology had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $136.00 price target on the stock, up previously from $130.00.
  • 8/1/2019 – Aspen Technology was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/1/2019 – Aspen Technology was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 7/16/2019 – Aspen Technology was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/15/2019 – Aspen Technology had its price target raised by analysts at Wedbush from $131.00 to $146.00. They now have an “outperform” rating on the stock.
  • 7/2/2019 – Aspen Technology was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/18/2019 – Aspen Technology was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of AZPN traded down $0.81 during trading hours on Monday, reaching $136.30. 408,300 shares of the company’s stock traded hands, compared to its average volume of 439,590. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 36.15 and a beta of 1.54. Aspen Technology, Inc. has a twelve month low of $74.84 and a twelve month high of $142.15. The stock has a fifty day simple moving average of $130.29.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.50. The company had revenue of $195.77 million for the quarter, compared to analyst estimates of $162.71 million. Aspen Technology had a return on equity of 60.30% and a net margin of 43.91%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Analysts forecast that Aspen Technology, Inc. will post 3.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of AZPN. Wedge Capital Management L L P NC acquired a new position in shares of Aspen Technology during the first quarter valued at $44,882,000. William Blair Investment Management LLC grew its holdings in Aspen Technology by 32.3% during the first quarter. William Blair Investment Management LLC now owns 1,582,680 shares of the technology company’s stock worth $165,010,000 after acquiring an additional 386,376 shares during the period. Riverbridge Partners LLC acquired a new position in Aspen Technology during the second quarter worth about $22,156,000. Scout Investments Inc. acquired a new position in Aspen Technology during the first quarter worth about $12,684,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in Aspen Technology during the second quarter worth about $12,722,000. 98.27% of the stock is currently owned by institutional investors.

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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