Aspen Technology (AZPN) Receiving Somewhat Favorable Media Coverage, Study Finds

Media headlines about Aspen Technology (NASDAQ:AZPN) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aspen Technology earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.0040543452966 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Aspen Technology (NASDAQ AZPN) traded up $2.33 during midday trading on Monday, hitting $73.11. The stock had a trading volume of 493,985 shares, compared to its average volume of 416,800. Aspen Technology has a 12 month low of $52.23 and a 12 month high of $73.40. The firm has a market capitalization of $5,134.06, a PE ratio of 34.00 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The company had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts forecast that Aspen Technology will post 1.83 earnings per share for the current fiscal year.

AZPN has been the subject of several research reports. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and set a $83.00 price objective (up from $73.00) on shares of Aspen Technology in a report on Monday. Canaccord Genuity lifted their price objective on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird set a $63.00 price objective on Aspen Technology and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub cut Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.60.

In other news, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction on 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 $1,687,149.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karl E. Johnsen sold 2,619 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total value of $168,689.79. Following the completion of the transaction, the insider now directly owns 40,063 shares of the company’s stock, valued at $2,580,457.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,197 shares of company stock valued at $931,360. Insiders own 0.80% of the company’s stock.

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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.

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