Aspen Technology (AZPN) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 3 hold ratings and 3 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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6 analysts have issued 1-year price targets for Aspen Technology's shares. Their AZPN share price targets range from $180.00 to $255.00. On average, they predict the company's share price to reach $219.50 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
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Aspen Technology's stock was trading at $220.15 at the start of the year. Since then, AZPN stock has increased by 1.5% and is now trading at $223.47.
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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) announced its quarterly earnings data on Tuesday, October, 26th. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.65 by $0.12. The technology company earned $136 million during the quarter, compared to analyst estimates of $125.23 million. Aspen Technology had a negative net margin of 2.46% and a positive trailing twelve-month return on equity of 2.76%. Aspen Technology's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share.

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 EPS guidance of 6.290- for the period, compared to the consensus 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.27%), Nordea Investment Management AB (1.42%), Bamco Inc. NY (0.85%), Clearbridge Investments LLC (0.78%), Sumitomo Mitsui Trust Holdings Inc. (0.63%) and Jackson Square Partners LLC (0.50%). 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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