Aspen Technology (AZPN) Receives Daily Media Impact Rating of 0.15

News articles about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.2248674184724 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research firms have recently weighed in on AZPN. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Bank of America downgraded shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity boosted their target price on shares of Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Berenberg Bank restated a “buy” rating and issued a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.67.

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Aspen Technology stock traded down $0.84 on Thursday, hitting $79.76. 109,730 shares of the stock traded hands, compared to its average volume of 418,023. Aspen Technology has a fifty-two week low of $53.51 and a fifty-two week high of $84.40. The company has a market cap of $5,820.58, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The firm had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was up 4.1% on a year-over-year basis. analysts predict that Aspen Technology will post 1.97 EPS for the current fiscal year.

In other Aspen Technology news, CEO Antonio J. Pietri sold 26,900 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the sale, the chief executive officer now directly owns 250,416 shares in the company, valued at approximately $19,171,848.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karl E. Johnsen sold 8,592 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $72.88, for a total transaction of $626,184.96. Following the sale, the insider now owns 44,772 shares in the company, valued at $3,262,983.36. The disclosure for this sale can be found here. Insiders sold a total of 52,308 shares of company stock worth $3,929,379 over the last quarter. 0.80% 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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