News stories about Aspen Technology (NASDAQ:AZPN) have been trending positive on Tuesday, according to AlphaOne. AlphaOne, a unit of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aspen Technology earned a news sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also gave headlines about the technology company an impact score of 14 out of 100, meaning that recent news coverage is very unlikely to have an effect on the stock’s share price in the next few days.
AZPN has been the topic of a number of recent research reports. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, May 5th. Robert W. Baird reiterated an “outperform” rating and set a $65.00 target price on shares of Aspen Technology in a research note on Thursday, May 11th. Benchmark Co. reiterated a “hold” rating and set a $55.00 target price (up previously from $48.00) on shares of Aspen Technology in a research note on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “hold” rating and set a $55.00 target price on shares of Aspen Technology in a research note on Friday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.50.
Aspen Technology (NASDAQ:AZPN) traded down 0.39% during trading on Tuesday, reaching $55.85. The company’s stock had a trading volume of 108,535 shares. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 31.06 and a beta of 1.26. The stock’s 50 day moving average is $59.20 and its 200 day moving average is $57.37. Aspen Technology has a 12 month low of $37.39 and a 12 month high of $64.34.
Aspen Technology (NASDAQ:AZPN) last issued its 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 business had revenue of $119.28 million for the quarter, compared to analysts’ expectations of $117.64 million. On average, equities analysts expect that Aspen Technology will post $1.97 EPS for the current fiscal year.
In other Aspen Technology news, EVP William Griffin sold 2,427 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 46,132 shares of the company’s stock, valued at approximately $2,701,028.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.
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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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