Aspen Technology
AZPN

$192.94

1.11%

Market Cap: 12.2B

About: Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.

Employees: 3,900

Information Technology Computer Programming Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

124% more call options, than puts

Call options by funds: $17.9M | Put options by funds: $7.99M

33% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 36

25% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 5 (+1) [Q1 2024]

3% more funds holding

Funds holding: 364 [Q4 2023] → 376 (+12) [Q1 2024]

0.77% less ownership

Funds ownership: 45.31% [Q4 2023] → 44.53% (-0.77%) [Q1 2024]

4% less repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 137

5% less capital invested

Capital invested by funds: $6.35B [Q4 2023] → $6.03B (-$317M) [Q1 2024]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$180

7%

downside

Avg. target

$217

12%

upside

High target

$255

32%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Baird Rob Oliver	19%upside $230	Outperform Reiterated	14 Jun 2024
Berenberg Nay Soe Naing	32%upside $255	Buy Upgraded	17 May 2024
Baird Rob Oliver	19%upside $230	Outperform Maintained	15 May 2024
Baird Rob Oliver	9%upside $210	Outperform Maintained	8 May 2024
Piper Sandler Clarke Jeffries	7%downside $180	Neutral Maintained	8 May 2024

See Analyst Rankings

Financial journalist opinion

Aspen Technology Announces Date of Fourth-Quarter & Fiscal Year 2024 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that it will release financial results for its fourth quarter and fiscal year 2024, ended June 30, 2024, after the U.S. financial markets close on Tuesday, August 6, 2024. AspenTech will host a conference call and webcast presentation on Tuesday, August 6, 2024, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and fi.

Aspen Technology Announces Date of Fourth-Quarter & Fiscal Year 2024 Financial Results Release, Conference Call and Webcast

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Aspen Technology Educates Next Generation of Engineers on Sustainability Competencies

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a three-year partnership agreement with Oregon State University (OSU) that expands traditional academic collaborations focused on incorporating process simulation solutions into curricula by adding sustainability software, training and competency development. The partnership aims to help students build industry-ready skills and knowledge to make an accelerated impact on.

Aspen Technology Educates Next Generation of Engineers on Sustainability Competencies

Zacks Investment Research

Aspen Technology (AZPN) Up 6.5% Since Last Earnings Report: Can It Continue?

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

Aspen Technology (AZPN) Up 6.5% Since Last Earnings Report: Can It Continue?

Aspen Technology Enables Customers to Drive Higher Levels of Operational Excellence with New Software Capabilities

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today introduced new and expanded capabilities now available in aspenONE®, the company's portfolio of asset optimization solutions, spanning design, operations and maintenance. The latest version of aspenONE, V14.3 May 2024, helps customers achieve new levels of operational excellence with expanded Industrial AI throughout the portfolio, additional integration of industrial data manage.

Aspen Technology Enables Customers to Drive Higher Levels of Operational Excellence with New Software Capabilities

Aspen Technology to Present at Upcoming Investor Conferences

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Antonio Pietri, President and Chief Executive Officer, will present at the following investor conferences: The Baird Global Consumer, Technology & Services Conference in New York, NY. The presentation is scheduled for Tuesday, June 4, 2024, at 4:55 p.m. ET The William Blair Growth Stock Conference in Chicago, IL. The presentation is scheduled for Wednesday, Jun.

Aspen Technology to Present at Upcoming Investor Conferences

Aspen Technology Announces Robert Whelan, Jr. as Newly Elected Board Chair

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that Robert Whelan, Jr. has been appointed to Chair of AspenTech's Board of Directors (the “Board”). This follows the decision by Jill Smith to resign from the Board for personal reasons. Mr. Whelan became a member of the Board in 2011 and previously served as Board Chair from 2013 to 2021. Throughout his tenure on the Board, Mr. Whelan has helped guide the.

Aspen Technology Announces Robert Whelan, Jr. as Newly Elected Board Chair

Zacks Investment Research

Aspen (AZPN) Q3 Earnings & Revenues Surpass Estimates, Up Y/Y

Aspen (AZPN) reports solid fiscal third-quarter results driven by healthy performance across all revenue segments amid cautious consumer spending.

Aspen (AZPN) Q3 Earnings & Revenues Surpass Estimates, Up Y/Y

Emerson Reports Second Quarter 2024 Results; Updates 2024 Outlook

ST. LOUIS , May 8, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its second quarter ended March 31, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable June 10, 2024 to stockholders of record on May 17, 2024.

Emerson Reports Second Quarter 2024 Results; Updates 2024 Outlook

Zacks Investment Research

Compared to Estimates, Aspen Technology (AZPN) Q3 Earnings: A Look at Key Metrics

Although the revenue and EPS for Aspen Technology (AZPN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Aspen Technology (AZPN) Q3 Earnings: A Look at Key Metrics

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