Analysts Set Aspen Technology, Inc. (NASDAQ:AZPN) Price Target at $167.71

Shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $167.71.

Several equities research analysts recently issued reports on AZPN shares. StockNews.com began coverage on shares of Aspen Technology in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a report on Thursday, March 17th.

A number of hedge funds have recently made changes to their positions in AZPN. Roberts Wealth Advisors LLC lifted its position in shares of Aspen Technology by 0.6% during the 1st quarter. Roberts Wealth Advisors LLC now owns 11,323 shares of the technology company’s stock valued at $1,890,000 after buying an additional 68 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Aspen Technology by 25.0% during the fourth quarter. Fifth Third Bancorp now owns 390 shares of the technology company’s stock valued at $59,000 after purchasing an additional 78 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Aspen Technology by 0.5% in the third quarter. Arizona State Retirement System now owns 18,527 shares of the technology company’s stock worth $2,275,000 after purchasing an additional 89 shares during the period. Comerica Bank increased its stake in shares of Aspen Technology by 0.3% in the fourth quarter. Comerica Bank now owns 31,463 shares of the technology company’s stock worth $4,508,000 after purchasing an additional 98 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Aspen Technology by 97.2% during the 4th quarter. Parallel Advisors LLC now owns 213 shares of the technology company’s stock valued at $32,000 after purchasing an additional 105 shares during the period. Institutional investors own 99.64% of the company’s stock.

Shares of AZPN stock traded down $1.55 during midday trading on Monday, hitting $161.95. The company had a trading volume of 223,184 shares, compared to its average volume of 501,213. The company’s 50 day simple moving average is $150.39 and its 200 day simple moving average is $150.04. Aspen Technology has a 52-week low of $122.29 and a 52-week high of $169.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 4.46 and a beta of 1.31.

Aspen Technology (NASDAQ:AZPN – Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The technology company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.30). Aspen Technology had a return on equity of 38.51% and a net margin of 38.80%. The company had revenue of $171.36 million for the quarter, compared to analyst estimates of $188.17 million. During the same period last year, the company earned $1.93 earnings per share. Analysts anticipate that Aspen Technology will post 4.88 EPS for the current year.

About Aspen Technology (Get Rating)

Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.

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