SEC Form 10-K filed by Aspen Technology Inc.

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

SC 13D/A - Aspen Technology, Inc. (0001897982) (Subject)

SC 13G/A - Aspen Technology, Inc. (0001897982) (Subject)

SC 13G/A - Aspen Technology, Inc. (0001897982) (Subject)

4 - Aspen Technology, Inc. (0001897982) (Issuer)

4 - Aspen Technology, Inc. (0001897982) (Issuer)

4 - Aspen Technology, Inc. (0001897982) (Issuer)

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

Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech" or "the Company"), a global leader in industrial software, today announced that its Board of Directors has formed a special committee (the "Special Committee") composed of three independent directors to consider the non-binding proposal from Emerson Electric Co. (NYSE:EMR) ("Emerson") received on November 5, 2024. Emerson and its affiliates currently own 57.4% of the Company's outstanding common shares. The Special Committee is composed of Board Chair Robert Whelan, Jr., who will serve as Chair of the Special Committee, Arlen Shenkman and David Henshall. Qatalyst Partners and Citi are serving as independent financial advisors to the Spec

Innovative digital technologies key to helping Landsvirkjun integrate and control power generation while achieving carbon neutral goals Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a strategic partnership with Landsvirkjun, the largest power producer in Iceland. The utility will be implementing AspenTech OSI Digital Grid Management software that will enable it to enhance real-time control and optimize power generation, ensuring the secure and efficient management of its 18 plants across Iceland. Landsvirkjun is the National Power Company of Iceland and is a pioneer in utilizing renewable resources, generating approximately 70% of the nati

Shareholders Advised to Take No Action Pending Review Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech" or "the Company"), a global leader in industrial software, today announced that its Board of Directors received an unsolicited, non-binding proposal letter, dated November 5, 2024, from Emerson Electric Co. (NYSE:EMR) ("Emerson"), to acquire all of the outstanding shares of common stock of the Company not already owned by Emerson for cash consideration of $240.00 per share. Emerson and its affiliates currently own 57.4% of the Company's outstanding common shares, based on their most recent Schedule 13D filing dated November 5, 2024. The Board of Directors of AspenTech will follow an ap

During the last three months, 5 analysts shared their evaluations of Aspen Technology (NASDAQ:AZPN), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Aspen Technology, revealing an average target of $221.0, a high estimate of $255.00, and a low estimate of $180.00. This upward trend is evident, with the current average re

Baird analyst Rob Oliver reiterates Aspen Technology (NASDAQ:AZPN) with a Outperform and maintains $230 price target.

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

SC14D9C - Aspen Technology, Inc. (0001897982) (Subject)

SC TO-C - Aspen Technology, Inc. (0001897982) (Subject)

SC TO-C - Aspen Technology, Inc. (0001897982) (Subject)