Aspen Technology (NASDAQ:AZPN) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Aspen Technology (NASDAQ:AZPN) in a report issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Piper Sandler lifted their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology presently has a consensus rating of “Hold” and an average target price of $272.00.

Aspen Technology Stock Performance

Shares of Aspen Technology stock opened at $264.33 on Friday. The business’s 50 day moving average price is $262.36 and its 200 day moving average price is $249.32. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology has a one year low of $171.25 and a one year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, analysts predict that Aspen Technology will post 6.7 EPS for the current fiscal year.

Institutional Trading of Aspen Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Bailard Inc. lifted its stake in Aspen Technology by 0.9% during the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 41 shares in the last quarter. Net Worth Advisory Group lifted its stake in Aspen Technology by 1.0% during the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 41 shares in the last quarter. Bessemer Group Inc. lifted its stake in Aspen Technology by 29.7% during the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock worth $48,000 after acquiring an additional 44 shares in the last quarter. Commerce Bank boosted its holdings in Aspen Technology by 3.1% during the 3rd quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after acquiring an additional 47 shares during the period. Finally, Heritage Family Offices LLP grew its position in Aspen Technology by 2.8% in the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock valued at $431,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

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.