Aspen Technology (NASDAQ:AZPN) Issues Quarterly Earnings Results

Aspen Technology (NASDAQ:AZPN) posted its quarterly earnings results on Tuesday. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03, Zacks reports. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%.

Aspen Technology Stock Down 0.1 %

AZPN opened at $263.97 on Wednesday. The stock has a market cap of $16.70 billion, a P/E ratio of -455.12, a PEG ratio of 3.00 and a beta of 0.76. Aspen Technology has a 52-week low of $171.25 and a 52-week high of $265.05. The business has a fifty day moving average of $252.77 and a 200 day moving average of $235.65.

Analyst Ratings Changes

AZPN has been the subject of a number of recent analyst reports. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price target on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Robert W. Baird reissued a “neutral” rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, StockNews.com assumed coverage on shares of Aspen Technology in a research note on Sunday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Aspen Technology presently has an average rating of “Hold” and a consensus price target of $261.00.

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.