Media coverage about Aspen Technology (NASDAQ:AZPN) has trended positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aspen Technology earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.2118734985066 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.
AZPN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a research report on Monday, January 8th. Berenberg Bank reissued a “buy” rating and issued a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. ValuEngine upgraded Aspen Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Wedbush reiterated a “neutral” rating and issued a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Finally, BidaskClub cut Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.67.
Aspen Technology (AZPN) traded down $0.59 during trading hours on Wednesday, hitting $81.22. The company’s stock had a trading volume of 115,668 shares, compared to its average volume of 426,178. The firm has a market cap of $5,905.47, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. Aspen Technology has a 52-week low of $53.51 and a 52-week high of $84.40.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. sell-side analysts predict that Aspen Technology will post 1.97 earnings per share for the current fiscal year.
In related news, Director Donald P. Casey sold 6,048 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $74.68, for a total transaction of $451,664.64. Following the completion of the sale, the director now directly owns 12,972 shares in the company, valued at approximately $968,748.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Karl E. Johnsen sold 2,304 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $75.00, for a total value of $172,800.00. Following the completion of the transaction, the insider now directly owns 36,180 shares of the company’s stock, valued at approximately $2,713,500. The disclosure for this sale can be found here. Insiders sold a total of 52,308 shares of company stock valued at $3,929,379 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.
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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