Aspen Technology (AZPN) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AZPN shares.
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4 Wall Street analysts have issued twelve-month target prices for Aspen Technology's stock. Their AZPN share price targets range from $180.00 to $213.00. On average, they predict the company's stock price to reach $201.00 in the next year. This suggests that the stock has a possible downside of 2.4%.
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Aspen Technology's stock was trading at $220.15 at the beginning of 2024. Since then, AZPN stock has decreased by 6.5% and is now trading at $205.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
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Aspen Technology, Inc. (NASDAQ:AZPN) issued its quarterly earnings results on Tuesday, October, 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.12. The technology company had revenue of $136 million for the quarter, compared to the consensus estimate of $125.23 million. Aspen Technology had a negative net margin of 8.17% and a positive trailing twelve-month return on equity of 2.38%. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS.

ETFs with the largest weight of Aspen Technology (NASDAQ:AZPN) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Gabelli Automation ETF (GAST), BlackRock Future Innovators ETF (BFTR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Argent Mid Cap ETF (AMID), VanEck Robotics ETF (IBOT), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) and Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Aspen Technology updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 6.290- for the period, compared to the consensus EPS estimate of 6.540. The company issued revenue guidance of $1.1 billion-, compared to the consensus revenue estimate of $1.1 billion.

225 employees have rated Aspen Technology Chief Executive Officer Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among the company's employees. 64.0% of employees surveyed would recommend working at Aspen Technology to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), QUALCOMM (QCOM), CVS Health (CVS), Intel (INTC), NVIDIA (NVDA), Visa (V), Johnson & Johnson (JNJ) and Procter & Gamble (PG).

Aspen Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Nordea Investment Management AB (1.42%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Jackson Square Partners LLC (0.50%), Raymond James & Associates (0.40%), TimesSquare Capital Management LLC (0.33%) and Lord Abbett & CO. LLC (0.29%). Insiders that own company stock include Antonio J Pietri, Donald P Casey, F G Hammond, John Hague and Jr Robert M Whelan.
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Shares of AZPN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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