Aspen Technology (AZPN) Given News Sentiment Score of 0.19
News articles about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog 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 0.19 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.7204588137126 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Aspen Technology, Inc. (AZPN) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Spark Investment Management LLC Invests $1.46 Million in Aspen Technology, Inc. (AZPN) (americanbankingnews.com)
- Ascend Capital LLC Invests $1.25 Million in Aspen Technology, Inc. (AZPN) (americanbankingnews.com)
- VMware (VMW) Q4 Earnings & Revenues Beat, '19 View Positive (finance.yahoo.com)
- Aspen Technology to Participate in Panel Discussion at the Berenberg Design Software Conference USA 2018 (finance.yahoo.com)
A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America downgraded shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity boosted their price target on shares of Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Berenberg Bank reissued a “buy” rating and set a $88.00 price target (up from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Finally, Wedbush reissued a “neutral” rating and set a $74.00 price target (up from $65.00) 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 company currently has an average rating of “Hold” and an average target price of $72.67.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $121.81 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts expect that Aspen Technology will post 1.97 EPS for the current year.
In other Aspen Technology news, Director Donald P. Casey sold 6,048 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $74.68, for a total value of $451,664.64. Following the completion of the sale, the director now owns 12,972 shares of the company’s stock, valued at $968,748.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.28, for a total transaction of $156,992.16. Following the completion of the sale, the director now directly owns 15,159 shares of the company’s stock, valued at approximately $1,095,692.52. The disclosure for this sale can be found here. Insiders sold 52,308 shares of company stock valued at $3,929,379 in the last ninety days. Insiders own 0.60% of the company’s stock.
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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.
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