Aspen Technology’s (AZPN) “Neutral” Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Aspen Technology (NASDAQ:AZPN) in a research note published on Monday,Benzinga reports. They currently have a $265.00 price target on the technology company’s stock, down from their previous price target of $275.00.

A number of other research firms have also recently issued reports on AZPN. Piper Sandler boosted 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. StockNews.com started coverage on Aspen Technology in a research report on Saturday, January 25th. They set a “hold” rating for the company. Finally, Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and an average price target of $261.00.

Aspen Technology Stock Down 0.1 %

AZPN opened at $263.79 on Monday. The business has a fifty day moving average of $251.65 and a 200 day moving average of $233.48. Aspen Technology has a 52-week low of $171.25 and a 52-week high of $264.43. The stock has a market cap of $16.68 billion, a P/E ratio of -454.81, a PEG ratio of 2.94 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same quarter in the previous year, the firm earned $0.96 EPS. Aspen Technology’s revenue was down 13.4% compared to the same quarter last year. Equities analysts anticipate that Aspen Technology will post 6.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quent Capital LLC raised its position in shares of Aspen Technology by 364.9% in the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after acquiring an additional 135 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Aspen Technology in the 3rd quarter worth $48,000. GAMMA Investing LLC raised its position in shares of Aspen Technology by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Aspen Technology by 126.9% in 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. raised its position 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 in the last quarter. 45.66% of the stock is owned by 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.