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Aspen Technology, Inc. (AZPN)

NASDAQ: AZPN · IEX Real-Time Price · USD
163.00
-0.51 (-0.31%)
After-hours:Oct 15, 2021 7:31 PM EDT
163.51
-4.45 (-2.65%)
At close: Oct 15, 4:00 PM
Market Cap11.17B
Revenue (ttm)709.38M
Net Income (ttm)319.80M
Shares Out68.03M
EPS (ttm)4.67
PE Ratio35.01
Forward PE32.36
Dividendn/a
Ex-Dividend Daten/a
Volume576,090
Open167.75
Previous Close167.96
Day's Range163.42 - 168.74
52-Week Range108.15 - 169.22
Beta1.24
AnalystsBuy
Price Target172.40 (+5.4%)
Est. Earnings DateOct 27, 2021

About AZPN

Aspen Technology, Inc., together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments. The company's software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance that are integrated appl...

IndustrySoftware
IPO DateOct 25, 1994
CEOAntonio Pietri
Employees1,897
Stock ExchangeNASDAQ
Ticker SymbolAZPN
Full Company Profile

Financial Performance

In 2021, AZPN's revenue was $709.38 million, an increase of 18.48% compared to the previous year's $598.72 million. Earnings were $319.80 million, an increase of 39.24%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for AZPN stock is "Buy." The 12-month stock price forecast is 172.40, which is an increase of 5.44% from the latest price.

Price Target
$172.40
(5.44% upside)
Analyst Consensus: Buy

News

Here's Why Aspen Technology Shares Are Soaring This Week

The asset management expert found a deep-pocketed buyer.

22 hours ago - The Motley Fool

Aspen Technology Announces Date of First-Quarter Fiscal 2022 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it will release financial results for its first-quarter fiscal...

23 hours ago - Business Wire

ASPENTECH INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aspen Technology, ...

Other symbols:EMR
3 days ago - Business Wire

SHAREHOLDER ALERT: WeissLaw LLP Investigates Aspen Technology, Inc.

NEW YORK, Oct. 11, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Aspen Technology, Inc. ("Aspen Technolo...

Other symbols:EMR
4 days ago - PRNewsWire

CEO of Emerson Electric explains the benefits of merging its software units with Aspen Technology

Emerson Electric President and CEO Lal Karsanbhai sat down with CNBC's Jim Cramer on Monday's episode of "Mad Money," discussing the industrial conglomerate's intentions to combine its software units wi...

Other symbols:EMR
4 days ago - CNBC Television

Why Aspen Technology Stock Is Soaring Today

AspenTech just took an $11 billion buyout offer from an industrial engineering giant.

4 days ago - The Motley Fool

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of As...

New York, New York--(Newsfile Corp. - October 11, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Aspen Technology, Inc. (NASDAQ: AZPN)...

4 days ago - Newsfile Corp

Shareholder Alert: Ademi LLP investigates whether Aspen Technology, Inc. has obtained a Fair Price in its transaction...

MILWAUKEE, Oct. 11, 2021 /PRNewswire/ -- Ademi LLP is investigating Aspen (Nasdaq: AZPN), for possible breaches of fiduciary duty and other violations of law in its transaction with Emerson. Click here ...

4 days ago - PRNewsWire

Aspen Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Aspen Technology, Inc...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Aspen Technology, Inc. (NASDAQ: AZPN) and certain of Emerson Electric Co.'s industr...

4 days ago - Business Wire

Emerson's software units, AspenTech to merge in $11 billion deal

(Reuters) -Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion, boosting its industrial automation business that cate...

Other symbols:EMR
4 days ago - Reuters

Emerson to merge software units with AspenTech in $11 billion deal

Industrial-automation systems maker Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion.

Other symbols:EMR
4 days ago - Reuters

Emerson - AspenTech Deal: Everything You Need To Know

Emerson Electric Co (NYSE: EMR) aims to merge two of its software businesses with Aspen Technology Inc (NASDAQ: AZPN) in an $11 billion deal in a cash-and-stock transaction valuing the new company Aspen...

Other symbols:EMR
5 days ago - Benzinga

Emerson plans $11 bln merger of software units with AspenTech - WSJ

Industrial-automation systems maker Emerson Electric Co (EMR.N) plans to merge two of its software businesses with smaller rival Aspen Technology Inc (AZPN.O) in a deal worth about $11 billion, the Wall...

Other symbols:EMR
5 days ago - Reuters

Aspen Technology Shares Jump Premarket On Potential Software Merger Deal With Emerson Electric

Emerson Electric Co (NYSE:EMR) is discussing a deal to merge its software assets with Aspen Technology Inc (NASDAQ:AZPN) to create an industrial software giant, Bloomberg reports. The financial terms re...

Other symbols:EMR
1 week ago - Benzinga

7 Stocks to Buy Now for an Oil Rally This Fall

The oil and gas markets are hot again. After a long bust, energy stocks are a solid investment.

Other symbols:CNQCOPENBSUVLOXOM
2 weeks ago - InvestorPlace

Aspen Technology (AZPN) Up 1.7% Since Last Earnings Report: Can It Continue?

Aspen Technology (AZPN) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Got $1,000? Buy These 3 Top Tech Stocks After Earnings

Tech continues to transform the global economy and is a great long-term investment.

Other symbols:BABAWDC
1 month ago - The Motley Fool

Aspen Technology (AZPN) Moves to Buy: Rationale Behind the Upgrade

Aspen Technology (AZPN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - Zacks Investment Research

Evolution Mining Deploys Aspen Technology Software to Mitigate Unplanned Downtime and Improve Plant Performance

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that a leading Australian gold miner, Evolution Mining has deployed...

1 month ago - Business Wire

Aspen Technology's Stock Falls Post Earnings, What Is Its Likelihood To Rise?

Aspen Technology's stock (NASDAQ: AZPN), went down by 14.2% to $127 in the last five trading days post its FY 2021 (ended June 2021) results. In comparison, the broader S&P500 rose by 0.8% over the last...

1 month ago - Forbes

Aspen's (AZPN) Q4 Earnings Beat Estimates, Revenues Fall Y/Y

Aspen's (AZPN) Q4 performance is negatively impacted by constrained spending stemming from the COVID-19 crisis.

2 months ago - Zacks Investment Research

Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced financial results for its fourth-quarter and fiscal year 2021 ende...

2 months ago - Business Wire

Aspen Technology Announces Jill D. Smith as Newly Elected Board Chair

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that Jill D. Smith has been elected board chair. Ms. Smith joined ...

2 months ago - Business Wire

Aspen Technology Announces Date of Fourth-Quarter and Fiscal 2021 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it will release financial results for its fourth-quarter and f...

2 months ago - Business Wire

Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round

TAMPA, Fla.--(BUSINESS WIRE)---- $AZPN #AI--mIQrotech oversubscribed its Series A funding, a huge stride toward disrupting the oil and gas industry through digital transformation.

3 months ago - Business Wire