Aspen Technology (NASDAQ:AZPN) : The consensus on Aspen Technology (NASDAQ:AZPN) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Aspen Technology (NASDAQ:AZPN) : The consensus price target for Aspen Technology (NASDAQ:AZPN) is $38.33 for the short term with a standard deviation of $5.86. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $34.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, JP Morgan assumes its outlook on Aspen Technology (NASDAQ:AZPN). The current rating of the shares is Underweight, according to the research report released by the firm. The brokerage firm announces the price target at $36 per share. The rating by the firm was issued on April 29, 2016.
Aspen Technology (NASDAQ:AZPN): stock turned positive on Tuesday. Though the stock opened at $38.42, the bulls momentum made the stock top out at $39.09 level for the day. The stock recorded a low of $38.06 and closed the trading day at $38.34, in the green by 0.84%. The total traded volume for the day was 922,859. The stock had closed at $38.02 in the previous days trading.
In an insider trading activity, Pietri Antonio J, director officer (President & CEO) of Aspen Technology Inc /De/, unloaded 4,500 shares at an average price of $39.21 on June 6, 2016. The total amount of the transaction was worth $176,445, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Aspen Technology, Inc. is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance and supply chain planning. The Companys aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. The Company has developed its applications to design and optimize processes across three principal business areas: engineering, manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS), training and other, and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.