Aspen Technology (AZPN) Receives News Impact Rating of 0.12
News articles about Aspen Technology (NASDAQ:AZPN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Aspen Technology earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.9228004634642 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- IBD Rating Upgrades: Aspen Technology Shows Improved Technical Strength (finance.yahoo.com)
- AspenTech Acquires Industrial Internet of Things Cloud-based Software and Edge Connectivity Assets of RtTech Software Inc. (finance.yahoo.com)
- 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)
A number of analysts have recently issued reports on the company. Bank of America began coverage on Aspen Technology in a research report on Monday, November 6th. They set a “neutral” rating and a $67.00 price target for the company. Canaccord Genuity boosted their target price on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Robert W. Baird set a $63.00 target price on Aspen Technology and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Berenberg Bank began coverage on Aspen Technology in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $63.63.
Shares of Aspen Technology (NASDAQ:AZPN) opened at $66.37 on Monday. The firm has a market capitalization of $4,814.15, a P/E ratio of 30.87 and a beta of 1.23. Aspen Technology has a 12-month low of $52.23 and a 12-month high of $69.38.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The firm had revenue of $122.80 million during the quarter, compared to the consensus estimate of $121.73 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. equities analysts forecast that Aspen Technology will post 1.77 earnings per share for the current year.
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 14,197 shares of company stock valued at $931,360 in the last quarter. Corporate insiders own 0.60% of the company’s stock.
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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