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

Headlines about Aspen Technology (NASDAQ:AZPN) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 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 closest to one being the most favorable. Aspen Technology earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.0740058506094 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Aspen Technology (NASDAQ:AZPN) traded up $0.21 during trading on Wednesday, hitting $66.03. The stock had a trading volume of 154,963 shares, compared to its average volume of 489,394. Aspen Technology has a 52 week low of $52.23 and a 52 week high of $69.38. The firm has a market capitalization of $4,764.85, a P/E ratio of 30.71 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $121.73 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts anticipate that Aspen Technology will post 1.77 EPS for the current fiscal year.

A number of equities analysts have weighed in on AZPN shares. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Robert W. Baird set a $63.00 price target on Aspen Technology and gave the stock a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity boosted their price target on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Bank of America started coverage on Aspen Technology in a research report on Monday, November 6th. They set a “neutral” rating and a $67.00 price target on the stock. Finally, BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Aspen Technology currently has an average rating of “Hold” and a consensus price target of $63.63.

In related news, insider Karl E. Johnsen sold 2,619 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total transaction of $168,689.79. Following the sale, the insider now owns 40,063 shares of the company’s stock, valued at $2,580,457.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jr. Robert M. Whelan sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 25,559 shares in the company, valued at approximately $1,687,149.59. The disclosure for this sale can be found here. Insiders sold 14,197 shares of company stock worth $931,360 in the last ninety days. 0.80% of the stock is owned by company 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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