ASPEN TECHNOLOGY

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Real-time Estimate Cboe BZX  -  12:11 2022-06-28 pm EDT
192.85 USD   -2.00%
05:26aPiper Sandler Adjusts Price Target on Aspen Technology to $189 From $159, Maintains Neutral Rating
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06/15Loop Capital Adjusts Price Target on Aspen Technology to $225 From $175, Reiterates Buy Rating
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06/06BofA Securities Adjusts Aspen Technology's Price Target to $230 From $176, Reiterates Buy Rating
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Aspen Technology, Inc. Announces Board and Committee Changes

05/17/2022 | 06:17am EDT

Aspen Technology, Inc. (“AspenTech” or “the Company”) announced the completion of its transaction with Emerson Electric Co. (“Emerson”), including the addition of Emerson’s OSI Inc. and Geological Simulation Software (GSS) businesses to AspenTech. As part of the close of the transaction, Emerson has contributed $6.0 billion in cash to AspenTech, which will be received by AspenTech shareholders, in exchange for a 55% stake in AspenTech. In addition, Emerson and AspenTech have entered into an enhanced commercial partnership that will enable AspenTech to penetrate new and existing markets. The Company now employs more than 3,700 people located in 62 offices across 41 countries. As of the effective time of the Merger, Antonio J. Pietri, Jill D. Smith, Dr. Thomas M. Bradicich, Donald P. Casey, Karen M. Golz, Adriana Karaboutis, Dr. Georgia Keresty, Robert M. Whelan Jr., and R. Halsey Wise each resigned and ceased to be directors of Former AspenTech and members of any committee of Former AspenTech’s board of directors. These resignations were not a result of any disagreement between Former AspenTech and the directors on any matter relating to Former AspenTech’s operations, policies or practices. As of the effective time of the Merger, Chantelle Y. Breithaupt, Frederic G. Hammond, and Christopher Stagno were designated and appointed to Former AspenTech’s board of directors.


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All news about ASPEN TECHNOLOGY
05:26aPiper Sandler Adjusts Price Target on Aspen Technology to $189 From $159, Maintains Neu..
MT
06/15Loop Capital Adjusts Price Target on Aspen Technology to $225 From $175, Reiterates Buy..
MT
06/06BofA Securities Adjusts Aspen Technology's Price Target to $230 From $176, Reiterates B..
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05/17Aspen Technology, Inc. Announces Board and Committee Changes
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Analyst Recommendations on ASPEN TECHNOLOGY
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Financials (USD)
Sales 2021 709 M - -
Net income 2021 320 M - -
Net cash 2021 50,2 M - -
P/E ratio 2021 29,5x
Yield 2021 -
Capitalization 11 077 M 11 077 M -
EV / Sales 2020 12,0x
EV / Sales 2021 13,1x
Nbr of Employees 1 897
Free-Float -
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Managers and Directors
Antonio Jose Pietri President & Chief Executive Officer
Chantelle Yvette Breithaupt Chief Financial Officer, Director & Senior VP
Willie K. Chan Chief Technology Officer
Frederic George Hammond Director, Secretary, Senior VP & General Counsel
Christopher Stagno Director, Chief Accounting Officer & Senior VP