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Zacks Investment Research downgraded Aspen Technology, Inc. (NASDAQ:AZPN) to Hold in a report released today.

Zacks Investment Research has downgraded Aspen Technology, Inc. (NASDAQ:AZPN) to Hold in a report released on 10/12/2016.

Previously on Wednesday August 17, 2016, Zacks Investment Research reported on Aspen Technology, Inc. (NASDAQ:AZPN) increased the target price from $0.00 to $50.00. At the time, this indicated a possible upside of 0.10%.

Just yesterday Aspen Technology, Inc. (NASDAQ:AZPN) traded -0.52% lower at $46.07. Aspen Technology, Inc.’s 50-day moving average is $46.11 and its 200-day moving average is $41.07. The last closing price is up 12.18% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 444,175 shares of AZPN traded hands, down from an average trading volume of 562,760

Recent Performance Chart

Aspen Technology, Inc. (NASDAQ:AZPN)

Aspen Technology, Inc. has 52 week low of $29.25 and a 52 week high of $48.08 with a PE ratio of 27.42 and has a market capitalization of $0.

A total of 5 equity analysts have released a ratings update on AZPN. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $38.20.

Brief Synopsis About 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, Aspen Collaborative Demand Manager and Aspen Supply Planner.

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