Media headlines about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.5179465908787 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Aspen Technology (NASDAQ AZPN) opened at 64.37 on Thursday. The stock’s 50 day moving average is $60.80 and its 200-day moving average is $58.89. Aspen Technology has a 1-year low of $45.47 and a 1-year high of $64.87. The firm has a market cap of $4.71 billion, a P/E ratio of 30.51 and a beta of 1.26.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The firm had revenue of $123.68 million during the quarter, compared to analyst estimates of $119.55 million. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Aspen Technology will post $1.99 EPS for the current year.
Several equities research analysts recently commented on AZPN shares. Canaccord Genuity reiterated a “hold” rating and issued a $60.00 price objective on shares of Aspen Technology in a research report on Friday, June 9th. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wedbush reiterated a “neutral” rating and issued a $59.00 price objective on shares of Aspen Technology in a research report on Wednesday, June 28th. BidaskClub lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Berenberg Bank started coverage on shares of Aspen Technology in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.75.
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In other news, insider Karl E. Johnsen sold 1,969 shares of Aspen Technology stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the sale, the insider now directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP F G. Hammond sold 3,388 shares of Aspen Technology stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total value of $205,312.80. Following the sale, the vice president now owns 20,733 shares of the company’s stock, valued at $1,256,419.80. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
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.
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