News coverage about Aspen Technology (NASDAQ:AZPN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern 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 0.08 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.6362671977156 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

AZPN has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Aspen Technology to $65.00 and gave the stock an “underweight” rating in a report on Wednesday, January 3rd. Robert W. Baird set a $63.00 price target on shares of Aspen Technology and gave the stock a “hold” rating in a report on Friday, October 6th. Bank of America initiated coverage on shares of Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Aspen Technology in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $66.60.

Aspen Technology (NASDAQ:AZPN) traded down $0.09 during mid-day trading on Tuesday, hitting $75.03. 584,414 shares of the company traded hands, compared to its average volume of 425,170. Aspen Technology has a 52 week low of $52.23 and a 52 week high of $76.56. The company has a market cap of $5,448.86, a price-to-earnings ratio of 34.90 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The company had revenue of $122.80 million for the quarter, compared to analyst estimates of $121.73 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. analysts anticipate that Aspen Technology will post 1.83 EPS for the current year.

In related news, insider Karl E. Johnsen sold 2,619 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $64.41, for a total transaction of $168,689.79. Following the transaction, the insider now owns 40,063 shares of the company’s stock, valued at approximately $2,580,457.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jr. Robert M. Whelan sold 10,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.01, for a total transaction of $660,100.00. Following the transaction, the director now directly owns 25,559 shares in the company, valued at approximately $1,687,149.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,197 shares of company stock worth $931,360. 0.80% of the stock is owned by insiders.

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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.

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

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