Analysts Set Aspen Technology, Inc. (NASDAQ:AZPN) PT at $210.25

Aspen Technology, Inc. (NASDAQ:AZPN) has received an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $210.25.

Several equities research analysts have weighed in on AZPN shares. Piper Sandler reiterated a “neutral” rating and issued a $196.00 target price on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th.

Institutional Trading of Aspen Technology

Several institutional investors have recently bought and sold shares of AZPN. Raymond James Financial Services Advisors Inc. grew its holdings in Aspen Technology by 41.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,404 shares of the technology company’s stock valued at $563,000 after purchasing an additional 993 shares during the period. HighTower Advisors LLC lifted its position in Aspen Technology by 8.8% during the first quarter. HighTower Advisors LLC now owns 5,603 shares of the technology company’s stock worth $918,000 after buying an additional 454 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Aspen Technology by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 36,499 shares of the technology company’s stock worth $6,201,000 after buying an additional 2,579 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Aspen Technology during the first quarter worth approximately $222,000. Finally, Allianz Asset Management GmbH lifted its position in Aspen Technology by 1,331.8% during the first quarter. Allianz Asset Management GmbH now owns 170,315 shares of the technology company’s stock worth $28,165,000 after buying an additional 158,420 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Price Performance

NASDAQ:AZPN opened at $215.61 on Friday. Aspen Technology has a 1 year low of $161.32 and a 1 year high of $247.96. The stock’s 50 day simple moving average is $196.47 and its two-hundred day simple moving average is $196.15. The company has a market cap of $13.70 billion, a price-to-earnings ratio of -159.71, a PEG ratio of 2.18 and a beta of 0.77.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The company had revenue of $257.16 million for the quarter, compared to the consensus estimate of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. As a group, analysts anticipate that Aspen Technology will post 5.82 EPS for the current year.

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.