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

StockNews.com started coverage on shares of Aspen Technology (NASDAQ:AZPN) in a research note issued to investors on Monday morning. The firm issued a hold rating on the technology company’s stock.

AZPN has been the subject of several other research reports. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler boosted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Robert W. Baird restated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Loop Capital lowered shares of Aspen Technology from a “buy” rating to a “hold” rating and upped their target price for the company from $260.00 to $265.00 in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Aspen Technology has a consensus rating of “Hold” and an average price target of $272.00.

Aspen Technology Stock Down 0.1 %

NASDAQ:AZPN opened at $265.10 on Monday. The company has a market capitalization of $16.78 billion, a PE ratio of 3,314.16, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76. Aspen Technology has a 52-week low of $171.25 and a 52-week high of $277.37. The stock has a fifty day simple moving average of $254.85 and a 200-day simple moving average of $238.54.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Aspen Technology will post 6.68 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Aspen Technology during the 4th quarter worth about $26,000. Atala Financial Inc purchased a new position in shares of Aspen Technology during the 4th quarter worth about $44,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Aspen Technology during the 3rd quarter worth about $48,000. Jones Financial Companies Lllp lifted its holdings in shares of Aspen Technology by 965.0% during the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares during the period. Finally, Blue Trust Inc. increased its position in 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 in the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

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.