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Aspen Technology (AZPN)

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster.

Company profile

Ticker
AZPN
Exchange
CEO
Antonio Pietri
Employees
Incorporated
Location
Fiscal year end
Former names
ASPEN TECHNOLOGY INC /MA/
SEC CIK
Subsidiaries
Apex Optimisation Limited • Apex Optimisation Technologies B.V. • Apex Optimisation (UK) Ltd • Argent & Waugh Limited • Aspen Tech de Mexico • Aspen Tech India Private Ltd. • Aspen Technology (Asia) Inc. • Aspen Technology Australia • Aspen Technology International, Inc. • Aspen Technology LLC ...
IRS number
42739697

AZPN stock data

Analyst ratings and price targets

Last 3 months

Calendar

27 Apr 22
17 May 22
30 Jun 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 285.22M 285.22M 285.22M 285.22M 285.22M 285.22M
Cash burn (monthly) (no burn) 2.66M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 4.13M n/a n/a n/a n/a
Cash remaining n/a 281.09M n/a n/a n/a n/a
Runway (months of cash) n/a 105.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 22 Casey Donald P Common Stock Grant Acquire A No No 0 826 0 9,363
12 May 22 Karen Golz Common Stock Grant Acquire A No No 0 826 0 1,752
12 May 22 Wise R Halsey Common Stock Grant Acquire A No No 0 826 0 7,861
12 May 22 Thomas Michael Bradicich Common Stock Grant Acquire A No No 0 826 0 2,744
12 May 22 Adriana Karaboutis Common Stock Grant Acquire A No No 0 826 0 2,648
13F holders Current Prev Q Change
Total holders 375 345 +8.7%
Opened positions 75 39 +92.3%
Closed positions 45 50 -10.0%
Increased positions 106 122 -13.1%
Reduced positions 135 118 +14.4%
13F shares Current Prev Q Change
Total value 10.49B 8.57B +22.3%
Total shares 67.53M 66.68M +1.3%
Total puts 96.4K 173.3K -44.4%
Total calls 146K 115.3K +26.6%
Total put/call ratio 0.7 1.5 -56.1%
Largest owners Shares Value Change
Kayne Anderson Rudnick Investment Management 6.7M $1.02B -1.3%
Vanguard 6.28M $956.53M -1.7%
BLK Blackrock 6.24M $949.41M +1.5%
BlueSpruce Investments 3M $0 +2398.7%
ATAC Neuberger Berman 2.46M $372.06M -3.0%
40 North Management 2.44M $371.22M +22.2%
Nordea Investment Management Ab 2.3M $351.89M +2.2%
FMR 1.94M $295.72M -20.0%
AMP Ameriprise Financial 1.79M $272.03M +2.9%
STT State Street 1.78M $270.18M +3.2%
Largest transactions Shares Bought/sold Change
BlueSpruce Investments 3M +2.88M +2398.7%
Wellington Management 228.96K -1.3M -85.0%
FIL 295K -1.11M -79.0%
Epoch Investment Partners 1.06M +791.21K +296.1%
Norges Bank 645.47K +645.47K NEW
MCQEF Macquarie 890.51K -594.59K -40.0%
FMR 1.94M -485.86K -20.0%
40 North Management 2.44M +443K +22.2%
JPM JPMorgan Chase & Co. 793.62K -409.62K -34.0%
JHG Janus Henderson 440.88K +387.62K +727.8%

Financial report summary

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Competition
Rockwell Automation
Risks
  • If we fail to increase usage and product adoption of our aspenONE engineering and manufacturing and supply chain offerings and grow our aspenONE APM business, or fail to continue to provide innovative, market-leading solutions, we may be unable to implement our growth strategy successfully, and our business could be seriously harmed.
  • The majority of our revenue is attributable to operations outside the United States, and our operating results therefore may be materially affected by the economic, political, military, regulatory and other risks of foreign operations or of transacting business with customers outside the United States.
  • Fluctuations in foreign currency exchange rates could result in declines in our reported revenue and operating results.
  • Competition from software offered by current competitors and new market entrants, as well as from internally developed solutions by our customers, could adversely affect our ability to sell our software products and related services and could result in pressure to price our products in a manner that reduces our margins.
  • Defects or errors in our software products could harm our reputation, impair our ability to sell our products and result in significant costs to us.
  • We may be subject to significant expenses and damages because of product-related claims.
  • Claims that we infringe the intellectual property rights of others may be costly to defend or settle and could damage our business.
  • We may not be able to protect our intellectual property rights, which could make us less competitive and cause us to lose market share.
  • Our software research and development initiatives and our customer relationships could be compromised if the security of our information technology is breached as a result of a cyberattack. This could have a material adverse effect on our business, operating results and financial condition, and could harm our competitive position.
  • Our common stock may experience substantial price and volume fluctuations.
  • Our corporate documents and provisions of Delaware law may prevent a change in control or management that stockholders may consider desirable.
Management Discussion
  • Total revenue increased by $25.0 million during the three months ended March 31, 2022 as compared to the corresponding period of the prior fiscal year. The increase of $25.0 million during the three months ended March 31, 2022 was comprised of an increase in license revenue of $19.9 million, an increase in maintenance revenue of $4.1 million, and an increase in services and other revenue of $1.0 million, as compared to the corresponding period of the prior fiscal year.
  • Total revenue decreased by $16.3 million during the nine months ended March 31, 2022 as compared to the corresponding period of the prior fiscal year. The decrease of $16.3 million during the nine months ended March 31, 2022 was comprised of a decrease in license revenue of $24.9 million, offset in part by an increase in maintenance revenue of $7.1 million, and an increase in services and other revenue of $1.5 million, as compared to the corresponding period of the prior fiscal year.

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