Favorable Media Coverage Very Unlikely to Impact Aspen Technology (AZPN) Stock Price

Media coverage about Aspen Technology (NASDAQ:AZPN) has been trending positive on Tuesday, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a coverage optimism score of 0.30 on Alpha One’s scale. Alpha One also gave press coverage about the technology company an impact score of 14 out of 100, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the near term.

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

Shares of Aspen Technology (NASDAQ AZPN) traded down 0.39% on Tuesday, reaching $55.85. 108,535 shares of the company traded hands. The stock has a 50-day moving average price of $59.20 and a 200 day moving average price of $57.37. The firm has a market capitalization of $4.16 billion, a P/E ratio of 31.06 and a beta of 1.26. Aspen Technology has a 1-year low of $37.39 and a 1-year high of $64.34.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. Analysts anticipate that Aspen Technology will post $1.97 EPS for the current fiscal year.

Several brokerages recently issued reports on AZPN. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Friday, May 5th. Canaccord Genuity reiterated a “hold” rating and issued a $55.00 target price on shares of Aspen Technology in a research report on Friday, February 24th. Benchmark Co. reiterated a “hold” rating and issued a $55.00 target price (up from $48.00) on shares of Aspen Technology in a research report on Wednesday, May 3rd. Finally, Robert W. Baird began coverage on shares of Aspen Technology in a research report on Wednesday, May 10th. They issued a “neutral” rating and a $63.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $60.50.

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In related news, EVP William Griffin sold 2,427 shares of the business’s stock in a transaction that occurred on 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 owns 46,132 shares in the company, valued at approximately $2,701,028.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AZPN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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