Analyst Price Target Update on Aspen Technology (NASDAQ:AZPN)

Aspen Technology (NASDAQ:AZPN): According to 3 Analysts, The short term target price has been estimated at $ 38.33.The target price could deviate by a maximum of $5.86 from the forecast price. In the near term, the target price could hit a high of $45 and a low of $ 34.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm JP Morgan assumes its rating on Aspen Technology (NASDAQ:AZPN). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at JP Morgan announces a current price target of $36 per share. The rating by the firm was issued on April 29, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director officer (President & CEO), of Aspen Technology Inc /De/, Pietri Antonio J had unloaded 4,500 shares at $39.21 per share in a transaction on June 6, 2016. The total value of transaction was $176,445. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Aspen Technology (NASDAQ:AZPN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.43 points or 1.08% at $39.27 with 931,338 shares getting traded. Post opening the session at $39.53, the shares hit an intraday low of $39.1545 and an intraday high of $39.65 and the price was in this range throughout the day. The company has a market cap of $3,215 million and the number of outstanding shares have been calculated to be 81,867,428 shares. The 52-week high of Aspen Technology (NASDAQ:AZPN) is $46.76 and the 52-week low is $29.2533.

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.

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