In yesterday’s Wall Street session, Aspen Technology Inc. (NASDAQ:AZPN) shares traded at $205.59, up 0.81% from the previous session.
AZPN stock price is now -0.84% away from the 50-day moving average and -3.93% away from the 200-day moving average. The market capitalization of the company currently stands at $13.57B.
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With the price target of $210, Berenberg recently initiated with Hold rating for Aspen Technology Inc. (NASDAQ: AZPN)., while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
In other news, Chawla Manish, Chief Revenue Officer sold 1,293 shares of the company’s stock on Feb 28. The stock was sold for $277,530 at an average price of $214.64. Upon completion of the transaction, the Chief Revenue Officer now directly owns 13,859 shares in the company, valued at $2.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, Senior VP & General Counsel Hammond F G sold 2,495 shares of the business’s stock. A total of $558,256 was realized by selling the stock at an average price of $223.75. This leaves the insider owning 20,152 shares of the company worth $4.14 million. Insiders disposed of 165,654 shares of company stock worth roughly $34.06 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AZPN stock. A new stake in Aspen Technology Inc. shares was purchased by NORGES BANK during the first quarter worth $77,093,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $14,917,000 in shares of AZPN during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Aspen Technology Inc. valued at approximately $6,438,000. AVIVA PLC acquired a new stake in AZPN for approximately $6,346,000. APG ASSET MANAGEMENT N.V. purchased a new stake in AZPN valued at around $6,152,000 in the second quarter. In total, there are 506 active investors with 49.00% ownership of the company’s stock.
On Thursday morning Aspen Technology Inc. (NASDAQ: AZPN) stock kicked off with the opening price of $202.18. During the past 12 months, Aspen Technology Inc. has had a low of $136.75 and a high of $263.59. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for AZPN is $207.33 and a two-hundred day moving average price translates $214.00 for the stock.
The latest earnings results from Aspen Technology Inc. (NASDAQ: AZPN) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at $0.35, missing analysts’ expectations of $1.32 by -0.97. This compares to $0.92 EPS in the same period last year. The company reported revenue of $242.84 million for the quarter, compared to $171.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.72 percent. For the current quarter, analysts expect AZPN to generate $285.85M in revenue.
Aspen Technology Inc.(AZPN) Company Profile
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 offers artificial intelligence of things, aspen hybrid models, asset performance management, OSI digital grid management, and performance engineering; production optimization for commodity polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and value chain optimization for energy and polymers and specialty chemicals solutions. The company 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. Aspen Technology, Inc. was incorporated in 2021 and is headquartered in Bedford, Massachusetts.
