Aspen Technology (NASDAQ:AZPN) Receives Daily News Sentiment Rating of 0.10

Media stories about Aspen Technology (NASDAQ:AZPN) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. 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 0.10 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.001609866395 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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

Aspen Technology (NASDAQ AZPN) traded down $0.17 during trading hours on Friday, hitting $66.20. 285,903 shares of the stock were exchanged, compared to its average volume of 302,022. The company has a market cap of $4,814.18, a P/E ratio of 30.79 and a beta of 1.23. Aspen Technology has a one year low of $52.23 and a one year high of $69.38.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly 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. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The firm had revenue of $122.80 million during the quarter, compared to analyst estimates of $121.73 million. During the same period last year, the company earned $0.49 EPS. Aspen Technology’s quarterly revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Aspen Technology will post 1.77 EPS for the current year.

AZPN has been the subject of a number of recent research reports. Canaccord Genuity boosted their price objective on shares of Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Robert W. Baird set a $63.00 target price on shares of Aspen Technology and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, October 31st. BidaskClub downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Bank of America started coverage on shares of Aspen Technology in a research report on Monday, November 6th. They issued a “neutral” rating and a $67.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $63.63.

In other news, insider Karl E. Johnsen sold 2,619 shares of Aspen Technology 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 transaction, the insider now directly owns 40,063 shares in the company, valued at approximately $2,580,457.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP F G. Hammond sold 1,578 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total value of $102,570.00. Following the transaction, the vice president now owns 26,108 shares in the company, valued at $1,697,020. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,197 shares of company stock valued at $931,360. 0.60% of the stock is currently 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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