Aspen Technology, Inc., together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments. The company's software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance that are integrated applications, which allow end users to design process manufacturing environments, monitor operational performances, respond and adapt to operational changes, predict asset reliability and equipment failure, and manage planning and scheduling activities, as well as collaborate across these functions and activities. It also provides software maintenance and support, professional, and training services. The company's customers comprise companies that are engaged in the process and other capital-intensive industries, such as energy, chemicals, engineering, and construction, as well as pharmaceuticals, food and beverage, transportation, power, metals and mining, pulp and paper, and consumer packaged goods. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: aspentech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2025 | $265.00 → $315.00 | Hold → Buy | Loop Capital |
| 2/5/2025 | $260.00 → $265.00 | Buy → Hold | Loop Capital |
| 5/17/2024 | $185.00 → $255.00 | Hold → Buy | Berenberg |
| 12/1/2023 | $180.00 → $213.00 | Hold → Buy | Loop Capital |
| 11/14/2023 | $194.00 → $202.00 | Neutral → Outperform | Robert W. Baird |
| 7/26/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/21/2023 | $240.00 → $170.00 | Buy → Hold | Loop Capital |
| 4/27/2023 | Outperform → Mkt Perform | William Blair | |
| 1/11/2023 | $210.00 | Hold | Berenberg |
| 8/17/2022 | Peer Perform | Wolfe Research |
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
4 - Aspen Technology, Inc. (0001897982) (Issuer)
ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its first quarter ended December 31, 2024 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable March 10, 2025 to stockholders of record on February 14, 2025. (dollars in millions, except per share) 2024 Q1 2025 Q1 Change Underlying Orders2 1 % Net Sales $4,117 $4,175 1 % Underlying Sales3 2 % Pretax Earnings $175 $775 Margin 4.2 % 18.6 % 1440 bps Adjusted Segment EBITA4 $1,014 $1,169 Margin 24.6 % 28.
Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ:AZPN), a global leader in industrial software, today announced financial results for its second quarter in fiscal 2025, ended December 31, 2024. Second Quarter Fiscal Year 2025 and Recent Business Highlights Annual contract value1 ("ACV") was $964.9 million for the second quarter of fiscal 2025, increasing 9.2% year over year and 2.5% quarter over quarter. Cash flow from operations was $38.1 million and free cash flow was $36.4 million in the second quarter of fiscal 2025. A reconciliation of GAAP to non-GAAP results is presented in the financial tables included in this press release. Second Quarter Fiscal Year 2025 Fi
Aspen Technology, Inc. ("AspenTech") (NASDAQ:AZPN), a global leader in industrial software, today announced that it will release financial results for its second quarter fiscal year 2025, ended December 31, 2024, after the U.S. financial markets close on Tuesday, February 4, 2025. AspenTech will host a conference call and webcast presentation on Tuesday, February 4, 2025, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and financial matters. A live webcast of the call will be available on AspenTech's Investor Relations website, http://ir.aspentech.com/, via its "Webcasts" page. Please use the following registration link to access the call by phone
Proposes to Acquire Remaining Outstanding Shares of AspenTech for $240 per Share in Cash Commences Review of Strategic Alternatives for Safety & Productivity Segment Announces Increased Return of Capital to Shareholders with Plans to Repurchase Approximately $2.0 Billion of Shares in Fiscal 2025; Expecting $1.0 Billion in Fiscal Q1 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an industrial technology leader focused on automation: Emerson has made a p
ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE:EMR) today reported results1 for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. (dollars in millions, except per share) 2023 Q4 2024 Q4 Change 2023 2024 Change Underlying Orders2 2 % 2 % Net Sales $4,090 $4,619 13 % $15,165 $17,492 15 % Underlying Sales3 4 % 6 % Pretax Earnings $1,020 $679 $2,903 $2,020 Margin 24.9 % 14.7 % (1020) bps 19.1 % 11.5 %
Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ:AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2025, ended September 30, 2024. Antonio Pietri, President and Chief Executive Officer of AspenTech, commented, "AspenTech continues to perform well amid ongoing macro uncertainty, delivering solid results to start fiscal 2025. We continue to see strong customer demand for our products and solutions to support their operational excellence and sustainability initiatives. The resilience of our ACV growth is a great indication of the mission-criticality of AspenTech's technology to our customers." Pietri continued, "At o
Aspen Technology, Inc. (AspenTech) (NASDAQ:AZPN), a global leader in industrial software, today announced that it will release financial results for its first quarter fiscal year 2025, ended September 30, 2024, after the U.S. financial markets close on Monday, November 4, 2024. AspenTech will host a conference call and webcast presentation on Monday, November 4, 2024, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and financial matters. A live webcast of the call will be available on AspenTech's Investor Relations website, http://ir.aspentech.com/, via its "Webcasts" page. Please use the following registration link to access the call by phone. We
ST. LOUIS, Aug. 7, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its third quarter ended June 30, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable September 10, 2024 to stockholders of record on August 16, 2024. (dollars in millions, except per share) 2023 Q3 2024 Q3 Change Underlying Orders2 3 % Net Sales $3,946 $4,380 11 % Underlying Sales3 3 % Pretax Earnings $822 $455 Margin 20.8 % 10.4 % (1040) bps Adjusted Segment EBITA4 $1,060 $1,189 Margin 26.9 % 27
Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ:AZPN), a global leader in industrial software, today announced financial results for its fourth quarter and fiscal year ended June 30, 2024. "AspenTech's fourth quarter results reflected excellent execution across all areas of our business," commented Antonio Pietri, President and Chief Executive Officer of AspenTech. "The strong performance of our DGM suite in the full year was a great demonstration of the significant growth opportunities in the utilities market and the benefit of our diversified end-market exposure." "In fiscal 2025, we are targeting another year of solid ACV growth, even as we manage through a dynamic macr
Aspen Technology, Inc. (AspenTech) (NASDAQ:AZPN), a global leader in industrial software, today announced that it will release financial results for its fourth quarter and fiscal year 2024, ended June 30, 2024, after the U.S. financial markets close on Tuesday, August 6, 2024. AspenTech will host a conference call and webcast presentation on Tuesday, August 6, 2024, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and financial matters. A live webcast of the call will be available on AspenTech's Investor Relations website, http://ir.aspentech.com/, via its "Webcasts" page. Please use the following registration link to access the call by phone. We e
Tender Offer to Now Expire at 5:00 p.m. Eastern Time on March 11, 2025 ST. LOUIS, March 10, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today announced that it has extended the expiration of its tender offer to acquire all outstanding shares of common stock of Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech") not already owned by Emerson to 5:00 p.m. Eastern Time on March 11, 2025. This one business day extension is to accommodate the settlement and tendering of shares of AspenTech common stock that may be sold due to the S&P MidCap 400 index change. S&P Global previously announced that AspenTech will be replaced in the index effective prior to the opening of trading on March 11, 2025.
NEW YORK, March 4, 2025 /PRNewswire/ -- Albertsons Companies Inc. (NYSE:ACI) will replace Aspen Technology Inc. (NASD: AZPN) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, March 11. S&P 500 constituent Emerson Electric Co. (NYSE:EMR) is acquiring Aspen Technology in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 11, 2025 S&P MidCap 400 Addition Albertsons Companies ACI Consumer Staples March 11, 2025 S&P MidCap 400 Del
WEST PALM BEACH, Fla., Feb. 19, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ:AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the tender offer (the "Tender Offer") by Emerson Electric Co. (NYSE:EMR) ("Emerson") for all AspenTech shares it does not currently own: "Emerson's proposal to acquire AspenTech is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportuni
Compelling and certain value of $265 per share in cash, unanimously recommended by the independent AspenTech Special Committee, represents Emerson's best and final price ST. LOUIS, Feb. 10, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) today acknowledged the public statement released by Elliott Investment Management L.P. on February 7, 2025 regarding the tender offer under which Emerson will acquire all outstanding shares of common stock of Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $265 per share as per the definitive agreement with AspenTech announced on January 27, 2025.
WEST PALM BEACH, Fla., Feb. 7, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ:AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE:EMR) ("Emerson"): "As the largest minority investor in AspenTech, we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTe
ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its first quarter ended December 31, 2024 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable March 10, 2025 to stockholders of record on February 14, 2025. (dollars in millions, except per share) 2024 Q1 2025 Q1 Change Underlying Orders2 1 % Net Sales $4,117 $4,175 1 % Underlying Sales3 2 % Pretax Earnings $175 $775 Margin 4.2 % 18.6 % 1440 bps Adjusted Segment EBITA4 $1,014 $1,169 Margin 24.6 % 28.
Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ:AZPN), a global leader in industrial software, today announced financial results for its second quarter in fiscal 2025, ended December 31, 2024. Second Quarter Fiscal Year 2025 and Recent Business Highlights Annual contract value1 ("ACV") was $964.9 million for the second quarter of fiscal 2025, increasing 9.2% year over year and 2.5% quarter over quarter. Cash flow from operations was $38.1 million and free cash flow was $36.4 million in the second quarter of fiscal 2025. A reconciliation of GAAP to non-GAAP results is presented in the financial tables included in this press release. Second Quarter Fiscal Year 2025 Fi
ST. LOUIS and BEDFORD, Mass., Jan. 27, 2025 /PRNewswire/ -- Emerson (NYSE:EMR) and Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech") today announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 billion, and values the total company at a fully diluted market capitalization of $17.0 billion with an enterprise value of $16.8 billion. Emerson currently owns approximately 57% of AspenTech's outstanding shares of common stock following Emerson's 55% majority investment c
Aspen Technology, Inc. ("AspenTech") (NASDAQ:AZPN), a global leader in industrial software, today announced that it will release financial results for its second quarter fiscal year 2025, ended December 31, 2024, after the U.S. financial markets close on Tuesday, February 4, 2025. AspenTech will host a conference call and webcast presentation on Tuesday, February 4, 2025, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and financial matters. A live webcast of the call will be available on AspenTech's Investor Relations website, http://ir.aspentech.com/, via its "Webcasts" page. Please use the following registration link to access the call by phone
Interconexión Eléctrica S.A. E.S.P. Relies on AspenTech's Digital Grid Management Solutions to Manage Expansive Network Across Three Countries Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Interconexión Eléctrica S.A. E.S.P. (ISA), the largest multi-country energy transmission company in Latin America, is using its Digital Grid Management (DGM) solutions to deliver 99.99% reliability across approximately 16,395 miles of circuit throughout the region. ISA and AspenTech are partnering to ensure power is accessible, secure and reliably available to populations in Colombia, Peru and Bolivia. "ISA is proud to supply 99.99% electric power t
Loop Capital upgraded Aspen Tech from Hold to Buy and set a new price target of $315.00 from $265.00 previously
Loop Capital downgraded Aspen Tech from Buy to Hold and set a new price target of $265.00 from $260.00 previously
Berenberg upgraded Aspen Tech from Hold to Buy and set a new price target of $255.00 from $185.00 previously
Loop Capital upgraded Aspen Tech from Hold to Buy and set a new price target of $213.00 from $180.00 previously
Robert W. Baird upgraded Aspen Tech from Neutral to Outperform and set a new price target of $202.00 from $194.00 previously
KeyBanc Capital Markets downgraded Aspen Tech from Overweight to Sector Weight
Loop Capital downgraded Aspen Tech from Buy to Hold and set a new price target of $170.00 from $240.00 previously
William Blair downgraded Aspen Tech from Outperform to Mkt Perform
Berenberg initiated coverage of Aspen Tech with a rating of Hold and set a new price target of $210.00
Wolfe Research initiated coverage of Aspen Tech with a rating of Peer Perform
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NEW YORK, March 4, 2025 /PRNewswire/ -- Albertsons Companies Inc. (NYSE:ACI) will replace Aspen Technology Inc. (NASD: AZPN) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, March 11. S&P 500 constituent Emerson Electric Co. (NYSE:EMR) is acquiring Aspen Technology in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 11, 2025 S&P MidCap 400 Addition Albertsons Companies ACI Consumer Staples March 11, 2025 S&P MidCap 400 Del
Addition of pioneering network model management technology enables utilities to effectively manage increasing grid complexity and ensure resiliency Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that it has entered into a definitive agreement to acquire Open Grid Systems Limited, a global provider of network model management technology and a pioneer in developing model-driven applications supporting open access to data through industry standards. With this acquisition, AspenTech's Digital Grid Management (DGM) suite will offer utilities a comprehensive, fully integrated network model management solution to address the acceleration of new grid
Aspen Technology, Inc. (AspenTech) (NASDAQ:AZPN), a global leader in industrial software, today announced that David Baker has been appointed as Senior Vice President, Chief Financial Officer at AspenTech, effective June 3, 2024. Mr. Baker joins AspenTech from Emerson Electric Co. (Emerson), where he spent over 27 years in various financial leadership roles, most recently serving as Vice President, Financial Planning, where he led financial planning and analysis for the entire $17 billion Emerson corporation. In this position, Mr. Baker was crucial in leading Emerson's finance transformation to meet the needs of a newly focused global automation leader. Prior to this role, Mr. Baker serve
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that David Henshall has been appointed to its Board of Directors. Mr. Henshall most recently served as Chief Executive Officer at Citrix Systems, Inc., a leading multinational provider of cloud computing and virtualization technology, where he held executive roles for nearly twenty years. Mr. Henshall played a key role in accelerating Citrix's cloud transition, modernizing the product portfolio to enable more than 11 million subscribers of the company's SaaS services. Prior to his role as CEO, he served as Chief Operating Officer and Chief Financial Officer at Citrix, overseeing the company's wor
Mark Browning, former CIO of Exelon, to Provide Strategic Guidance to Advance Aspen Technology's Central Role in Enabling the Utility of the Future Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Mark Browning, a longtime power and utilities industry executive, has joined the company as a strategic advisor. Browning has spent the last two decades in executive positions at Exelon, the largest US utility company, serving more than 10 million customers. Most recently, Browning was Chief Information Officer with overall responsibility for IT across Exelon's family of transmission and distribution utility companies. Decarbonization, electrif
Schwartz brings innovative global marketing expertise to Körber Körber today announced the appointment of Lawrence Schwartz as Chief Marketing Officer (CMO) and Executive Vice President Software of Körber Supply Chain, a global leader in supply chain solutions. Schwartz brings more than 20 years of experience in creating and executing transformational marketing strategies. Schwartz has a demonstrated history of success in scaling programs from the ground up. His extensive experience spans cutting-edge fields from artificial intelligence (AI) and machine learning, to SaaS, data management and sustainability. As a leader in growing high-margin B2B businesses, he has proven his ability to
Strengthened leadership reflects continued focus on innovation Arista Networks (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large data center, campus and routing environments, today announced the appointment of Chantelle Breithaupt as the company's CFO effective February 2024. Breithaupt comes to Arista with over 25 years of global financial roles. She will be joining the leadership team, having served as senior vice president and CFO of Aspen Technology (NASDAQ:AZPN). Prior to that she had executive finance roles at Cisco Systems and across four GE businesses. "I am excited to be joining Arista in this time of growth and transformation and look forwa
LITTLETON, Colo., April 6, 2023 /PRNewswire/ -- Spatial Business Systems LLC ("SBS" or the "Company"), a leading provider of intelligent design software to utilities and other critical network infrastructure providers, announced today that Al Eliasen has been appointed President. "I am thrilled to join the SBS team and support the Company through its next phase of growth. I look forward to building on the Company's strong culture and reputation as a leading provider of intelligent design software to the utilities & critical infrastructure market," said Mr. Eliasen. "I look forward to collaborating closely with Dennis and the exceptional team at SBS to further SBS's strong track record of inn
After recently appointing Steve Lucas as CEO, Boomi adds Arlen Shenkman, former Executive Vice President and Chief Financial Officer of Citrix, and Alison Biggan, former President, Corporate Marketing at SAP, to its accomplished executive leadership team Shenkman and Biggan bring more than 25 years of experience driving business transformation and world-class marketing strategies across multinational, public cloud computing and enterprise software technology companies Boomi™, the intelligent connectivity and automation leader, today announced the appointment of former Executive Vice President (EVP) and Chief Financial Officer (CFO) at Citrix Arlen Shenkman as President and CFO, and fo
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Robert "Bob" Beauchamp has been appointed to its Board of Directors. Mr. Beauchamp's appointment fills the remaining open seat following AspenTech's completion of its transaction with Emerson (NYSE:EMR) in May. Mr. Beauchamp brings more than 30 years of significant business leadership, industrial technology and M&A experience, most recently serving as Chairman of the Board at BMC Software, a recognized leader in business service management. Mr. Beauchamp joined BMC in 1988 as a sales executive and rapidly rose through the organization by leading key initiatives in research and development, st