Aspen Technology Inc (NASDAQ: AZPN) is -3.12% lower on its value in year-to-date trading and has touched a low of $161.32 and a high of $247.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AZPN stock was last observed hovering at around $207.91 in the last trading session, with the day’s gains setting it 5.37%.
Currently trading at $213.28, the stock is 6.54% and 9.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 2.58% at the moment leaves the stock 11.93% off its SMA200. AZPN registered 2.36% gain for a year compared to 6-month loss of 6.04%. The firm has a 50-day simple moving average (SMA 50) of $12.79 and a 200-day simple moving average (SMA200) of $43.51.
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The stock witnessed a 11.68% gain in the last 1 month and extending the period to 3 months gives it a -3.61%, and is 6.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 2.53% over the month.
Aspen Technology Inc (AZPN) has around 3900 employees, a market worth around $13.55B and $1.06B in sales. Fwd P/E is 29.29. Profit margin for the company is -8.17%. Distance from 52-week low is 32.21% and -13.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.67%).
Aspen Technology Inc quarterly earnings per share for the current quarter are estimated at $1.45 with sales reaching $256.57M over the same period.The EPS is expected to grow by 15.38% this year, but quarterly earnings will post 7.90% year-over-year.
537 institutions hold shares in Aspen Technology Inc (AZPN), with institutional investors hold 112.25% of the company’s shares. The shares outstanding are 64.47M, and float is at 26.96M with Short Float at 5.09%. Institutions hold 47.44% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.01 million shares valued at $839.55 million. The investor’s holdings represent 7.78% of the AZPN Shares outstanding. As of Jun 29, 2023, the second largest holder is Kayne Anderson Rudnick Investment Management LLC with 3.6 million shares valued at $602.9 million to account for 5.59% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.93 million shares representing 4.55% and valued at over $490.96 million, while State Street Corporation holds 1.51% of the shares totaling 0.97 million with a market value of $163.02 million.
Aspen Technology Inc (AZPN) Insider Activity
The most recent transaction is an insider sale by Whelan, Jr. Robert M., the company’s Director. SEC filings show that Whelan, Jr. Robert M. sold 3,114 shares of the company’s common stock on Jun 12 ’23 at a price of $164.56 per share for a total of $0.51 million. Following the sale, the insider now owns 5840.0 shares.
