Aspen Technology, Inc. (NASDAQ:AZPN) Receives Consensus Rating of “Hold” from Analysts

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have received a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $198.80.

A number of brokerages have recently commented on AZPN. KeyCorp reiterated a “sector weight” rating on shares of Aspen Technology in a report on Wednesday, July 26th. StockNews.com began coverage on Aspen Technology in a report on Thursday, October 5th. They set a “hold” rating for the company. Robert W. Baird boosted their price objective on Aspen Technology from $184.00 to $194.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Piper Sandler boosted their price objective on Aspen Technology from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Finally, Loop Capital boosted their price objective on Aspen Technology from $170.00 to $180.00 in a report on Wednesday, August 2nd.

Aspen Technology Stock Performance

Shares of Aspen Technology stock opened at $171.79 on Tuesday. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of -103.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. The stock has a 50 day moving average price of $193.26 and a 200-day moving average price of $182.66. Aspen Technology has a one year low of $161.32 and a one year high of $251.85.

Institutional Investors Weigh In On Aspen Technology

A number of institutional investors and hedge funds have recently bought and sold shares of AZPN. Achmea Investment Management B.V. bought a new position in shares of Aspen Technology in the 2nd quarter worth $26,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Aspen Technology in the 1st quarter worth $29,000. Compass Wealth Management LLC acquired a new position in Aspen Technology during the 4th quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S increased its position in Aspen Technology by 105.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 179 shares of the technology company’s stock valued at $30,000 after buying an additional 92 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its position in Aspen Technology by 88.0% during the 1st quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock valued at $32,000 after buying an additional 66 shares in the last quarter. 43.94% of the stock is owned by institutional investors.

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.