Aspen Technology (AZPN) Getting Somewhat Favorable News Coverage, Report Finds
Press coverage about Aspen Technology (NASDAQ:AZPN) has been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 news impact score of 0.04 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.5766689723968 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Aspen Technology (NASDAQ:AZPN) opened at $65.90 on Wednesday. The company has a market capitalization of $4,800.40, a P/E ratio of 30.78 and a beta of 1.23. Aspen Technology has a one year low of $50.33 and a one year high of $68.32.
Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. The company had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. analysts forecast that Aspen Technology will post 1.77 earnings per share for the current year.
AZPN has been the subject of several research analyst reports. cut Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. initiated coverage on Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective for the company. upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Wednesday, August 16th. increased their price objective on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, set a $63.00 price objective on Aspen Technology and gave the stock a “hold” rating in a report on Friday, October 6th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.00.
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In related news, VP F G. Hammond sold 1,578 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total transaction of $102,570.00. Following the completion of the transaction, the vice president now owns 26,108 shares of the company’s stock, valued at approximately $1,697,020. The transaction 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 the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total value of $205,312.80. Following the transaction, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,585 shares of company stock valued at $1,136,673. 0.80% of the stock is owned by corporate 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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