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Aspen Technology, Inc. (NASDAQ:AZPN) price target bumped up to $50.00, reported earlier today by Zacks Investment Research

In a statement issued on 8/17/2016 Zacks Investment Research bumped up the target price of Aspen Technology, Inc. (NASDAQ:AZPN) from $0 to $50 indicating a possible upside of 0.10%.

Showing a price of $45.38, Aspen Technology, Inc. (NASDAQ:AZPN) traded 0.09% lower on the day. With the last stock price up 14.20% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. AZPN has registered a 50-day moving average of $44.54 and two hundred day moving average of $39.51. Trade volume was was up over the average, with 750,460 shares of AZPN changing hands over the typical 634,127 shares.

See Chart Below:

Aspen Technology, Inc. (NASDAQ:AZPN)

With a market cap of $0.0, Aspen Technology, Inc. has a PE of 27 with a one-year low of $29.25 and a one-year high of $46.59.

A total of 5 analysts have reported on the company. One analyst rate the company a strong buy, one firm rate the company a buy, three firms rate the stock a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the stock as sell with a 12-month target of $38.20

General Company Details For Aspen Technology, Inc. (NASDAQ:AZPN)

Aspen Technology, Inc. is a global provider 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 two segments, including subscription and software, which provides licensing of process optimization software solutions and associated support services, and services, which includes professional services and training. It has developed applications to design and optimize processes across the business areas, including engineering, manufacturing and supply chain. Its products include Aspen HYSYS, Aspen Economic Evaluation, Aspen Info Plus.21, Aspen PIMS Advanced Optimization, and Aspen Collaborative Demand Manager and Aspen Supply Planner.

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