Aspen Technology (NASDAQ:AZPN) had its price objective lifted by research analysts at Wedbush from $145.00 to $154.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “positive” rating on the technology company’s stock. Wedbush’s price target indicates a potential upside of 10.84% from the stock’s current price.

AZPN has been the topic of several other reports. KeyCorp raised their price objective on shares of Aspen Technology from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday. BidaskClub upgraded shares of Aspen Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 7th. Finally, ValuEngine upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Aspen Technology currently has an average rating of “Hold” and a consensus target price of $135.00.

AZPN opened at $138.94 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.07. Aspen Technology has a 1-year low of $86.87 and a 1-year high of $142.15. The company has a market capitalization of $9.42 billion, a PE ratio of 36.85 and a beta of 1.52. The firm’s 50 day simple moving average is $124.00 and its two-hundred day simple moving average is $125.60.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.30. The firm had revenue of $134.09 million for the quarter, compared to the consensus estimate of $119.49 million. Aspen Technology had a net margin of 43.83% and a return on equity of 67.12%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Equities analysts forecast that Aspen Technology will post 3.32 earnings per share for the current fiscal year.

In related news, CFO Karl E. Johnsen sold 2,310 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $116.82, for a total transaction of $269,854.20. Following the completion of the transaction, the chief financial officer now directly owns 28,667 shares of the company’s stock, valued at $3,348,878.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in shares of Aspen Technology by 8.7% during the 3rd quarter. Stifel Financial Corp now owns 132,850 shares of the technology company’s stock worth $16,352,000 after purchasing an additional 10,619 shares during the period. Arlington Capital Management Inc. bought a new stake in Aspen Technology during the 3rd quarter valued at about $640,000. Valley Forge Capital Management LP lifted its holdings in Aspen Technology by 38.2% during the 3rd quarter. Valley Forge Capital Management LP now owns 43,813 shares of the technology company’s stock valued at $5,393,000 after buying an additional 12,100 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in Aspen Technology by 2.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,079 shares of the technology company’s stock valued at $625,000 after buying an additional 131 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in Aspen Technology by 207.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,536 shares of the technology company’s stock valued at $315,000 after buying an additional 1,712 shares in the last quarter. 97.09% of the stock is owned by institutional investors and hedge funds.

About Aspen Technology

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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Analyst Recommendations for Aspen Technology (NASDAQ:AZPN)

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