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

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $276.25.

Several research firms have weighed in on AZPN. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Piper Sandler boosted their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Wall Street Zen started coverage on Aspen Technology in a research note on Saturday, May 17th. They issued a “hold” rating on the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th.

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Friday. Aspen Technology has a one year low of $171.25 and a one year high of $277.37. The company has a market capitalization of $16.73 billion, a PE ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The company’s 50 day moving average price is $264.33 and its two-hundred day moving average price is $258.71.

Institutional Investors Weigh In On Aspen Technology

A number of large investors have recently made changes to their positions in AZPN. Barclays PLC raised its holdings in Aspen Technology by 23.6% in the 3rd quarter. Barclays PLC now owns 79,418 shares of the technology company’s stock worth $18,966,000 after purchasing an additional 15,176 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Aspen Technology in the fourth quarter worth about $216,000. Dakota Wealth Management purchased a new stake in Aspen Technology in the fourth quarter worth about $262,000. Curated Wealth Partners LLC boosted its position in Aspen Technology by 13.5% during the 4th quarter. Curated Wealth Partners LLC now owns 1,299 shares of the technology company’s stock valued at $324,000 after acquiring an additional 155 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Aspen Technology by 0.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 11,064 shares of the technology company’s stock worth $2,762,000 after acquiring an additional 70 shares during the period. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Company Profile

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.