Several other analysts have also recently weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a report on Wednesday. Robert W. Baird raised Aspen Technology from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $194.00 to $202.00 in a report on Tuesday, November 14th. Finally, Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $213.00 in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.25.
Aspen Technology Trading Down 1.4 %
Aspen Technology (NASDAQ:AZPN – Get Free Report) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.23). The firm had revenue of $249.31 million for the quarter, compared to analyst estimates of $258.31 million. Aspen Technology had a positive return on equity of 2.37% and a negative net margin of 8.17%. As a group, sell-side analysts forecast that Aspen Technology will post 5.72 EPS for the current year.
Hedge Funds Weigh In On Aspen Technology
Institutional investors and hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Aspen Technology in the 1st quarter worth about $29,000. Compass Wealth Management LLC acquired a new stake in shares of Aspen Technology in the fourth quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Aspen Technology by 105.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 179 shares of the technology company’s stock valued at $30,000 after buying an additional 92 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Aspen Technology by 88.0% in the first quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock valued at $32,000 after buying an additional 66 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Aspen Technology by 77.5% in the second quarter. Signaturefd LLC now owns 197 shares of the technology company’s stock valued at $33,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 43.94% of the company’s stock.
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.
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