Aspen Technology, Inc. to Post FY2021 Earnings of $3.33 Per Share, William Blair Forecasts (AZPN)

Aspen Technology, Inc. (NASDAQ:AZPN) – Equities researchers at William Blair issued their FY2021 EPS estimates for Aspen Technology in a research note issued to investors on Wednesday, October 24th. William Blair analyst M. Pfau forecasts that the technology company will post earnings per share of $3.33 for the year.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.12. The firm had revenue of $114.17 million for the quarter, compared to analysts’ expectations of $113.49 million. Aspen Technology had a net margin of 30.96% and a negative return on equity of 168.12%.

A number of other research analysts have also recently commented on the stock. TheStreet raised shares of Aspen Technology from a “d-” rating to a “b” rating in a research report on Friday, October 26th. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Tuesday, August 14th. BidaskClub cut shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Berenberg Bank decreased their target price on shares of Aspen Technology from $127.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 21st. Finally, Canaccord Genuity upped their target price on shares of Aspen Technology from $84.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Aspen Technology presently has an average rating of “Hold” and a consensus target price of $97.63.

Shares of AZPN stock opened at $81.79 on Monday. The stock has a market cap of $6.28 billion, a PE ratio of 39.70, a PEG ratio of 1.89 and a beta of 1.27. Aspen Technology has a twelve month low of $63.57 and a twelve month high of $118.86.

In other news, insider Karl E. Johnsen sold 9,438 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $108.07, for a total transaction of $1,019,964.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Antonio J. Pietri sold 9,193 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $109.44, for a total transaction of $1,006,081.92. Following the sale, the chief executive officer now directly owns 228,730 shares in the company, valued at approximately $25,032,211.20. The disclosure for this sale can be found here. Insiders sold 33,250 shares of company stock worth $3,595,936 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of Aspen Technology during the second quarter worth about $847,000. Dimensional Fund Advisors LP lifted its position in shares of Aspen Technology by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 521,195 shares of the technology company’s stock worth $48,340,000 after purchasing an additional 3,201 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Aspen Technology during the second quarter worth about $398,000. Carillon Tower Advisers Inc. lifted its position in shares of Aspen Technology by 67.5% during the second quarter. Carillon Tower Advisers Inc. now owns 157,975 shares of the technology company’s stock worth $14,651,000 after purchasing an additional 63,675 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Aspen Technology by 5.3% during the second quarter. Renaissance Technologies LLC now owns 3,862,800 shares of the technology company’s stock worth $358,236,000 after purchasing an additional 194,900 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

Further Reading: Stock Symbols and CUSIP Explained

Earnings History and Estimates for Aspen Technology (NASDAQ:AZPN)

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