Aspen Technology (NASDAQ:AZPN – Get Rating) is set to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $2.07 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Aspen Technology Trading Up 4.6 %
Shares of AZPN opened at $204.09 on Monday. The business’s 50-day moving average price is $190.69 and its 200-day moving average price is $166.81. Aspen Technology has a twelve month low of $122.29 and a twelve month high of $210.60. The stock has a market cap of $13.23 billion, a PE ratio of 50.90, a P/E/G ratio of 2.02 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.33.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of Aspen Technology from $175.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 8th. Loop Capital upped their price objective on shares of Aspen Technology from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 15th. Robert W. Baird cut shares of Aspen Technology from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $162.00 in a research report on Thursday, July 7th. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, TheStreet lowered Aspen Technology from a “b” rating to a “c+” rating in a research note on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $193.33.
Institutional Trading of Aspen Technology
A number of institutional investors have recently made changes to their positions in AZPN. Brown Brothers Harriman & Co. raised its holdings in shares of Aspen Technology by 1,434.4% during the first quarter. Brown Brothers Harriman & Co. now owns 491 shares of the technology company’s stock valued at $81,000 after acquiring an additional 459 shares in the last quarter. Covestor Ltd raised its holdings in shares of Aspen Technology by 96.7% during the first quarter. Covestor Ltd now owns 665 shares of the technology company’s stock valued at $110,000 after acquiring an additional 327 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of Aspen Technology during the first quarter valued at approximately $222,000. First Republic Investment Management Inc. raised its holdings in shares of Aspen Technology by 13.0% during the first quarter. First Republic Investment Management Inc. now owns 2,574 shares of the technology company’s stock valued at $426,000 after acquiring an additional 297 shares in the last quarter. Finally, KB Financial Partners LLC raised its holdings in shares of Aspen Technology by 18.3% during the first quarter. KB Financial Partners LLC now owns 3,293 shares of the technology company’s stock valued at $545,000 after acquiring an additional 509 shares in the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
About Aspen Technology
Aspen Technology, Inc provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It serves bulk chemicals, consumer packaged goods, downstream, food and beverage, metals and mining, midstream and LNG, pharmaceuticals, polymers, pulp and paper, specialty chemicals, transportation, upstream, and water and wastewater industries; power generation, transmission, and distribution industries; and engineering, procurement, and construction industries.
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