Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Aspen Technology (AZPN) Stock Price

News coverage about Aspen Technology (NASDAQ:AZPN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.1372763151343 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

Shares of Aspen Technology (AZPN) traded down $0.62 during mid-day trading on Tuesday, hitting $66.72. 284,800 shares of the stock were exchanged, compared to its average volume of 494,950. Aspen Technology has a 1 year low of $52.23 and a 1 year high of $69.38. The company has a market cap of $4,870.00, a PE ratio of 31.18 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $122.80 million during the quarter, compared to analyst estimates of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. Aspen Technology’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. sell-side analysts forecast that Aspen Technology will post 1.77 earnings per share for the current year.

AZPN has been the topic of a number of research reports. Canaccord Genuity boosted their target price on shares of Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 27th. Robert W. Baird set a $63.00 target price on shares of Aspen Technology and gave the company a “hold” rating in a report on Friday, October 6th. Berenberg Bank initiated coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 target price on the stock. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, October 31st. Finally, BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.63.

In other news, VP F G. Hammond sold 1,578 shares of Aspen Technology stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total value of $102,570.00. Following the completion of the transaction, the vice president now owns 26,108 shares of the company’s stock, valued at approximately $1,697,020. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jr. Robert M. Whelan sold 10,000 shares of Aspen Technology stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $66.01, for a total value of $660,100.00. Following the completion of the transaction, the director now directly owns 25,559 shares of the company’s stock, valued at approximately $1,687,149.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,197 shares of company stock valued at $931,360. 0.80% of the stock is owned by insiders.

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Aspen Technology Company Profile

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

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