A number of other equities analysts have also issued experiences on AZPN. Loop Funds raised Aspen Know-how from a “hold” rating to a “buy” ranking and upped their focus on value for the corporation from $160.00 to $175.00 in a report on Thursday, March 17th. Zacks Investment Investigation upgraded Aspen Engineering from a “hold” ranking to a “buy” score and established a $170.00 goal value on the stock in a exploration observe on Monday, May well 2nd. A single investigation analyst has rated the stock with a promote ranking, two have assigned a hold rating and seven have specified a purchase ranking to the stock. According to MarketBeat.com, Aspen Technologies has a consensus score of “Buy” and an normal value goal of $168.57.
Shares of NASDAQ:AZPN opened at $162.41 on Friday. The enterprise has a existing ratio of 4.07, a rapid ratio of 4.07 and a personal debt-to-equity ratio of .33. The inventory has a marketplace cap of $10.82 billion, a PE ratio of 40.50, a selling price-to-earnings-expansion ratio of 4.08 and a beta of 1.26. The stock’s fifty working day easy shifting ordinary is $156.31 and its two-hundred working day very simple shifting regular is $151.64. Aspen Technological know-how has a 1-12 months small of $122.29 and a 1-yr high of $170.16.
Aspen Know-how (NASDAQ:AZPN – Get Rating) last introduced its earnings results on Wednesday, April 27th. The technological innovation firm claimed $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $.03. Aspen Technological know-how experienced a web margin of 39.22% and a return on fairness of 40.86%. The firm experienced earnings of $187.75 million for the duration of the quarter, in comparison to the consensus estimate of $190.61 million. For the duration of the identical quarter in the prior yr, the enterprise posted $.94 earnings for every share. The firm’s income for the quarter was up 15.4% on a calendar year-over-year foundation. On typical, promote-aspect analysts forecast that Aspen Technologies will write-up 5.04 earnings per share for the existing fiscal yr.
Several hedge cash have a short while ago produced modifications to their positions in the inventory. Barclays PLC lifted its holdings in Aspen Technological know-how by 17.6% through the 3rd quarter. Barclays PLC now owns 130,182 shares of the engineering company’s inventory valued at $15,986,000 after getting an supplemental 19,498 shares throughout the interval. Brown Advisory Inc. lifted its holdings in Aspen Technologies by 22.3% through the 4th quarter. Brown Advisory Inc. now owns 37,062 shares of the know-how company’s stock worth $5,641,000 soon after paying for an added 6,746 shares in the past quarter. NewEdge Prosperity LLC boosted its stake in Aspen Technological know-how by 4.% in the 3rd quarter. NewEdge Prosperity LLC now owns 20,640 shares of the engineering company’s inventory truly worth $2,535,000 immediately after purchasing an added 785 shares through the period of time. CVA Household Workplace LLC bought a new situation in Aspen Technology through the 4th quarter valued at about $52,000. Finally, FDx Advisors Inc. elevated its posture in shares of Aspen Technological know-how by 2.2% all through the fourth quarter. FDx Advisors Inc. now owns 13,720 shares of the technological know-how company’s inventory valued at $2,088,000 immediately after shopping for an added 295 shares during the period. Institutional investors own 96.49% of the company’s stock.
About Aspen Technologies (Get Rating)
Aspen Engineering, Inc, collectively with its subsidiaries, presents asset optimization options in North America, Europe, the Asia Pacific, Latin America, and the Center East. The organization operates in two segments, Membership and Software program, and Expert services and Other. It features asset optimization software that optimizes asset style, functions, and servicing in several industrial environments.
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