Media stories about Aspen Technology (NASDAQ:AZPN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aspen Technology earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.0730480140145 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of brokerages recently commented on AZPN. Bank of America lowered Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. KeyCorp lifted their price target on Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Canaccord Genuity lifted their price target on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Wedbush reiterated a “neutral” rating and set a $74.00 price target (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Aspen Technology presently has a consensus rating of “Hold” and an average target price of $72.67.

Shares of Aspen Technology (NASDAQ:AZPN) opened at $72.04 on Friday. Aspen Technology has a 52-week low of $53.51 and a 52-week high of $84.40. The stock has a market capitalization of $5,182.49, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 21.51 and a beta of 1.30.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The business had revenue of $124.90 million during the quarter, compared to the consensus estimate of $121.81 million. During the same period last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts anticipate that Aspen Technology will post 1.97 EPS for the current fiscal year.

In other Aspen Technology news, insider Karl E. Johnsen sold 2,304 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 36,180 shares of the company’s stock, valued at $2,713,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald P. Casey sold 6,048 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was 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 directly owns 12,972 shares of the company’s stock, valued at $968,748.96. The disclosure for this sale can be found here. Company 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.

Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

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