Aspen Technology (NASDAQ:AZPN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Aspen Technology (NASDAQ:AZPN) in a research note released on Sunday. The brokerage issued a hold rating on the technology company’s stock.

A number of other analysts have also recently weighed in on AZPN. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. Piper Sandler lifted their price objective on shares of 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 restated a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Finally, Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and an average target price of $272.00.

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Friday. The company’s 50 day moving average is $264.18 and its two-hundred day moving average is $251.21. Aspen Technology has a twelve month low of $171.25 and a twelve month high of $277.37. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, equities research analysts predict that Aspen Technology will post 6.7 earnings per share for the current year.

Institutional Investors Weigh In On Aspen Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Aspen Technology in the fourth quarter worth $26,000. Atala Financial Inc purchased a new stake in Aspen Technology during the 4th quarter worth about $44,000. Bessemer Group Inc. raised its stake in Aspen Technology by 29.7% in the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock valued at $48,000 after purchasing an additional 44 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Aspen Technology by 965.0% in the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after purchasing an additional 193 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

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.