Press coverage about Aspen Technology (NASDAQ:AZPN) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aspen Technology earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.1372763151343 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have commented on AZPN. Canaccord Genuity raised their price objective on Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $83.00 price objective (up from $73.00) on shares of Aspen Technology in a research report on Monday. Zacks Investment Research lowered Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. BidaskClub lowered Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Bank of America assumed coverage on Aspen Technology in a research report on Monday, November 6th. They issued a “neutral” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.60.
Shares of Aspen Technology (AZPN) opened at $72.85 on Thursday. Aspen Technology has a 52-week low of $52.23 and a 52-week high of $73.54. The stock has a market capitalization of $5,300.00, a PE ratio of 33.88 and a beta of 1.23.
Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The business had revenue of $122.80 million for 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%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. analysts predict that Aspen Technology will post 1.83 EPS for the current fiscal year.
In related news, VP F G. Hammond sold 1,578 shares of the business’s 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 sale, the vice president now directly owns 26,108 shares of the company’s stock, valued at $1,697,020. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $66.01, for a total value of $660,100.00. Following the completion of the sale, the director now directly owns 25,559 shares of the company’s stock, valued at $1,687,149.59. 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. 0.80% 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.
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