Benchmark Co. analyst Mark Schappel maintained a Buy rating on Aspen Technology (AZPN) today and set a price target of $133. The company’s shares opened today at $117.13, close to its 52-week high of $124.96.
According to TipRanks.com, Schappel is a 5-star analyst with an average return of 20.2% and a 66.3% success rate. Schappel covers the Technology sector, focusing on stocks such as Mitek Systems Inc, Varonis Systems, and Realpage.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aspen Technology with a $127.50 average price target, an 8.9% upside from current levels. In a report issued on April 25, Wedbush also upgraded the stock to Buy with a $131 price target.
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Based on Aspen Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $61.59 million. In comparison, last year the company had a net profit of $37.84 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Antonio Pietri, the President & CEO of AZPN sold 58,934 shares for a total of $7,043,446.
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Aspen Technology, Inc. engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing and supply chain, and asset performance management areas. It operates through the Subscription and Software, and Services segments.
