Positive Press Coverage Very Unlikely to Impact Aspen Technology (AZPN) Stock Price

Press coverage about Aspen Technology (NASDAQ:AZPN) has trended positive this week, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aspen Technology earned a daily sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also gave news stories about the technology company an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:

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

Aspen Technology (NASDAQ AZPN) traded down 0.90% during midday trading on Thursday, hitting $54.90. 871,525 shares of the company were exchanged. The firm has a market capitalization of $4.09 billion, a PE ratio of 30.53 and a beta of 1.26. The stock has a 50 day moving average of $59.73 and a 200 day moving average of $57.27. Aspen Technology has a 1-year low of $37.39 and a 1-year high of $64.34.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Aspen Technology had a net margin of 29.85% and a negative return on equity of 80.54%. The company had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. On average, equities analysts predict that Aspen Technology will post $1.97 earnings per share for the current fiscal year.

AZPN has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, March 29th. Canaccord Genuity restated a “hold” rating and issued a $55.00 target price on shares of Aspen Technology in a report on Friday, February 24th. Robert W. Baird restated an “outperform” rating and issued a $65.00 target price on shares of Aspen Technology in a report on Thursday, May 11th. Finally, Benchmark Co. restated a “hold” rating and issued a $55.00 target price (up previously from $48.00) on shares of Aspen Technology in a report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $60.50.

COPYRIGHT VIOLATION WARNING: “Positive Press Coverage Very Unlikely to Impact Aspen Technology (AZPN) Stock Price” was posted by sleekmoney and is owned by of sleekmoney. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://sleekmoney.com/positive-press-coverage-very-unlikely-to-impact-aspen-technology-azpn-stock-price/1912588.html.

In related news, EVP William Griffin sold 2,427 shares of Aspen Technology stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $58.55, for a total transaction of $142,100.85. Following the completion of the transaction, the executive vice president now directly owns 46,132 shares of the company’s stock, valued at approximately $2,701,028.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/positive-press-coverage-very-unlikely-to-impact-aspen-technology-azpn-stock-price/1912588.html

Receive News & Ratings for Aspen Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *