News headlines about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.2257502698762 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Aspen Technology, Inc. (AZPN) Expected to Announce Quarterly Sales of $121.87 Million (americanbankingnews.com)
- Interested In Aspen Technology Inc (AZPN)? Here’s What Its Recent Track-Record Looks Like (finance.yahoo.com)
- Zacks: Brokerages Expect Aspen Technology, Inc. (AZPN) to Announce $0.50 Earnings Per Share (americanbankingnews.com)
- Aspen Technology to Present at the Nasdaq 37 th Investor Program (businesswire.com)
- Aspen Technology : JXTG Nippon Oil & Energy Selects AspenTech’s aspenONE Petroleum Supply Chain Software to Increase Refinery Profitability (4-traders.com)
Aspen Technology (NASDAQ AZPN) opened at $66.57 on Wednesday. Aspen Technology has a twelve month low of $52.23 and a twelve month high of $69.38. The company has a market capitalization of $4,834.49, a PE ratio of 31.00 and a beta of 1.23.
Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The company had revenue of $122.80 million during the quarter, compared to the consensus estimate of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. Aspen Technology’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. analysts anticipate that Aspen Technology will post 1.77 earnings per share for the current fiscal year.
AZPN has been the topic of a number of research reports. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a research note on Friday, August 11th. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, August 16th. BidaskClub upgraded Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Berenberg Bank started coverage on Aspen Technology in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Robert W. Baird set a $63.00 target price on Aspen Technology and gave the company a “hold” rating in a report on Friday, October 6th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.63.
In other Aspen Technology news, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $66.01, for a total value of $660,100.00. Following the completion of the sale, the director now owns 25,559 shares in the company, valued at $1,687,149.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP F G. Hammond sold 1,578 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $65.00, for a total value of $102,570.00. Following the completion of the sale, the vice president now owns 26,108 shares of the company’s stock, valued at approximately $1,697,020. The disclosure for this sale can be found here. Insiders sold a total of 14,197 shares of company stock valued at $931,360 in the last 90 days. 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.
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