Aspen Technology (NASDAQ:AZPN) Posts Earnings Results

Aspen Technology (NASDAQ:AZPN) announced its quarterly earnings data on Monday. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54), Briefing.com reports. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The company had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same period in the prior year, the firm earned $0.96 earnings per share. Aspen Technology’s revenue was down 13.4% on a year-over-year basis. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Trading Up 0.4 %

NASDAQ AZPN traded up $0.96 during trading on Thursday, hitting $245.29. The company had a trading volume of 161,678 shares, compared to its average volume of 217,282. Aspen Technology has a one year low of $162.26 and a one year high of $248.00. The company has a market cap of $15.51 billion, a price-to-earnings ratio of -1,526.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76. The company’s fifty day moving average is $234.19 and its 200-day moving average is $213.46.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AZPN shares. Piper Sandler increased their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America upped their target price on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird increased their price objective on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Loop Capital boosted their price objective on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Insider Transactions at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the transaction, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.