Aspen Technology (NASDAQ:AZPN – Get Free Report)‘s stock had its “neutral” rating restated by analysts at Robert W. Baird in a report issued on Monday,Benzinga reports. They presently have a $265.00 price target on the technology company’s stock, down from their previous price target of $275.00. Robert W. Baird’s price target suggests a potential upside of 0.38% from the company’s current price.
Several other equities research analysts have also recently issued reports on AZPN. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com started coverage on Aspen Technology in a report on Saturday. They set a “hold” rating for the company. Finally, Piper Sandler increased their price objective on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $261.00.
Read Our Latest Stock Analysis on AZPN
Aspen Technology Stock Performance
Aspen Technology (NASDAQ:AZPN – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54). The business had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The business’s revenue was down 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Equities analysts predict that Aspen Technology will post 6.68 EPS for the current fiscal year.
Institutional Trading of Aspen Technology
A number of institutional investors have recently modified their holdings of AZPN. Quent Capital LLC boosted its position in shares of Aspen Technology by 364.9% during the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after purchasing an additional 135 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Aspen Technology in the third quarter valued at about $48,000. GAMMA Investing LLC lifted its position in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Aspen Technology by 126.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock worth $68,000 after acquiring an additional 151 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Aspen Technology by 7,575.0% in the 4th quarter. Blue Trust Inc. now owns 307 shares of the technology company’s stock worth $73,000 after acquiring an additional 303 shares during the period. 45.66% of the stock is currently owned by hedge funds and other 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.
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