Aspen Technology (AZPN) Receives a Buy from KeyBanc


KeyBanc analyst Monika Garg maintained a Buy rating on Aspen Technology (NASDAQ: AZPN) today and set a price target of $112. The company’s shares closed yesterday at $102.71, close to its 52-week high of $103.48.

According to TipRanks.com, Garg is a 5-star analyst with an average return of 27.3% and a 75.3% success rate. Garg covers the Technology sector, focusing on stocks such as Oracle Corp, Blackbaud, and Guidewire.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aspen Technology with a $112 average price target.

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Aspen Technology’s market cap is currently $7.35B and has a P/E ratio of 45.85. The company has a Price to Book ratio of -26.38.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AZPN in relation to earlier this year. Most recently, in June 2018, Antonio Pietri, the President & CEO of AZPN bought 2,302 shares for a total of $99,999.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Aspen Technology, Inc. engages in the provision of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It operates through the following segments: Subscription & Software, and Services. The Subscription & Software segment engages in the licensing of process optimization software solutions and associated support services. The Services segment includes professional services and training. The company was founded by Lawrence B. Evans in 1981 and is headquartered in Bedford, MA.

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