Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.