AZPN Stock Summary and Trading Ideas (Aspen Technology | NASDAQ:AZPN)

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.

Aspen Technology trades on the NASDAQ stock market under the symbol AZPN.

As of April 23, 2024, AZPN stock price climbed to $199.91 with 76,074 million shares trading.

AZPN has a beta of 0.51, meaning it tends to be less sensitive to market movements. AZPN has a correlation of 0.02 to the broad based SPY ETF.

AZPN has a market cap of $12.70 billion. This is considered a Large Cap stock.

Last quarter Aspen Technology reported $257 million in Revenue and $1.37 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.14.

In the last 3 years, AZPN stock traded as high as $263.59 and as low as $122.29.

The top ETF exchange traded funds that AZPN belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

AZPN has underperformed the market in the last year with a price return of -14.8% while the SPY ETF gained +24.2%. AZPN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.1% and -5.9%, respectively, while the SPY returned +4.9% and -2.6%, respectively.

AZPN support price is $193.12 and resistance is $201.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AZPN stock will trade within this expected range on the day.