Somewhat Positive Media Coverage Somewhat Unlikely to Impact Aspen Technology (AZPN) Share Price
News stories about Aspen Technology (NASDAQ:AZPN) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aspen Technology earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.0937419171466 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Has Aspen Technology Inc (NASDAQ:AZPN) Improved Earnings Growth In Recent Times? (finance.yahoo.com)
- Zacks: Brokerages Anticipate Aspen Technology, Inc. (AZPN) to Post $0.52 EPS (americanbankingnews.com)
- Short Interest in Aspen Technology, Inc. (AZPN) Rises By 53.4% (americanbankingnews.com)
- Aspen Technology (AZPN) Rating Increased to Strong-Buy at BidaskClub (americanbankingnews.com)
Several equities research analysts recently commented on AZPN shares. BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase & Co. boosted their price target on shares of Aspen Technology to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 3rd. KeyCorp reissued a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Aspen Technology in a research report on Monday, January 8th. Finally, Robert W. Baird reissued a “hold” rating on shares of Aspen Technology in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Aspen Technology presently has an average rating of “Hold” and an average target price of $72.67.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $121.81 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts expect that Aspen Technology will post 1.97 earnings per share for the current fiscal year.
In other news, Director Jr. Robert M. Whelan sold 2,172 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $72.28, for a total transaction of $156,992.16. Following the transaction, the director now directly owns 15,159 shares in the company, valued at approximately $1,095,692.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP F G. Hammond sold 6,292 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total transaction of $462,273.24. The disclosure for this sale can be found here. Insiders have sold a total of 52,308 shares of company stock worth $3,929,379 over the last 90 days. 0.60% of the stock is owned by company insiders.
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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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