Berenberg upgraded Aspen Tech from Hold to Buy and set a new price target of $255.00 from $185.00 previously
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| 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 |
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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
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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
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
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