Short Interest in Aspen Technology Increases By 34.5% (AZPN)
Shares of Aspen Technology (NASDAQ:AZPN) were the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,958,339 shares, a growth of 34.5% from the April 30th total of 2,198,923 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 836,216 shares, the days-to-cover ratio is presently 3.5 days. Approximately 3.2% of the shares of the company are short sold.
In other Aspen Technology news, SVP F G. Hammond sold 5,792 shares of Aspen Technology stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.00, for a total value of $254,848.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AZPN shares. Analysts at Summit Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Aspen Technology in a research note on Wednesday, April 30th. They now have a $46.50 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.18.
Shares of Aspen Technology (NASDAQ:AZPN) opened at 43.23 on Thursday. Aspen Technology has a 1-year low of $28.35 and a 1-year high of $48.39. The stock has a 50-day moving average of $42.79 and a 200-day moving average of $42.71. The company has a market cap of $3.980 billion and a price-to-earnings ratio of 51.48.
Aspen Technology (NASDAQ:AZPN) last released its earnings data on Tuesday, April 29th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $92.82 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that Aspen Technology will post $0.95 EPS for the current fiscal year.
Aspen Technology, Inc is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance, and supply chain planning.
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