Somewhat Positive News Coverage Somewhat Unlikely to Affect Aspen Technology (AZPN) Share Price

News articles about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.0064828440731 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

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AZPN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. JPMorgan Chase lifted their price target on shares of Aspen Technology to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 3rd. BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $88.00 price target (up from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Aspen Technology presently has an average rating of “Hold” and a consensus target price of $72.67.

Aspen Technology stock traded up $1.35 during trading hours on Friday, hitting $78.89. The company had a trading volume of 411,750 shares, compared to its average volume of 364,201. The stock has a market cap of $5,675.27, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25. Aspen Technology has a 1 year low of $53.51 and a 1 year high of $84.40.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.09. The company had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. research analysts predict that Aspen Technology will post 1.97 earnings per share for the current year.

In other Aspen Technology news, CEO Antonio J. Pietri sold 26,900 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $76.56, for a total value of $2,059,464.00. Following the completion of the sale, the chief executive officer now directly owns 250,416 shares of the company’s stock, valued at approximately $19,171,848.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Karl E. Johnsen sold 2,304 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $75.00, for a total transaction of $172,800.00. Following the completion of the sale, the insider now directly owns 36,180 shares of the company’s stock, valued at $2,713,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,308 shares of company stock valued at $3,929,379. 0.60% of the stock is owned by corporate insiders.

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About Aspen Technology

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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