Aspen Technology (AZPN) Earning Somewhat Favorable Press Coverage, Report Finds

Media headlines about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aspen Technology earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.3722880008329 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of NASDAQ AZPN opened at $94.78 on Friday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 4.64 and a beta of 1.23. Aspen Technology has a 12 month low of $53.51 and a 12 month high of $99.86.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, April 25th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The business had revenue of $125.87 million for the quarter, compared to analysts’ expectations of $121.94 million. Aspen Technology had a negative return on equity of 61.04% and a net margin of 33.19%. Aspen Technology’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. equities analysts anticipate that Aspen Technology will post 2.04 earnings per share for the current year.

A number of research analysts recently weighed in on the company. BidaskClub downgraded Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday. KeyCorp raised their price objective on Aspen Technology from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. ValuEngine raised Aspen Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Berenberg Bank lifted their price target on Aspen Technology to $98.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Aspen Technology presently has a consensus rating of “Buy” and a consensus price target of $83.88.

In other news, VP F G. Hammond sold 16,024 shares of the business’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $88.00, for a total transaction of $1,410,112.00. Following the sale, the vice president now directly owns 29,113 shares in the company, valued at $2,561,944. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Karl E. Johnsen sold 7,559 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $89.17, for a total value of $674,036.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,183 shares of company stock worth $2,225,566. 0.60% of the stock is currently owned by company insiders.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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