Yes, and the allowed number of transfers is unlimited.
If you have an older license it is possible that it is not set to mobile (portable). In this case please contact us at support@aximmetry.com .

The process of transferring is as follows.

First you have to deactivate the license on your current machine.
Two methods are available for that.

Method 1
Start the Composer and enter Help / Deactivate License. Then enter you license key and click Online Deactivation.

Method 2
Go to https://my.aximmetry.com, find your license and click Manage Activations.

You'll see your machine(s) you activated your license on.  Click Deactivate.

The latter method is more convenient, especially because it does not require access to the original machine.

After that you can activate the license on the other machine.
Start the Composer on that machine, enter Help / Activate License. Enter you license key and click Online Activation.

That's it.