Aspen Technology, Inc. (NASDAQ:AZPN) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,877,062 shares, a growth of 53.4% from the February 15th total of 1,223,581 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 357,785 shares, the short-interest ratio is currently 5.2 days.
Shares of Aspen Technology (NASDAQ AZPN) opened at $82.09 on Tuesday. The company has a market cap of $5,910.00, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 4.01 and a beta of 1.25. Aspen Technology has a 1 year low of $53.51 and a 1 year high of $84.40.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.50 by $0.09. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The company had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $121.81 million. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts expect that Aspen Technology will post 1.97 earnings per share for the current year.
In related news, VP F G. Hammond sold 6,292 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $73.47, for a total value of $462,273.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio J. Pietri sold 26,900 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the completion of the transaction, the chief executive officer now owns 250,416 shares of the company’s stock, valued at approximately $19,171,848.96. The disclosure for this sale can be found here. Insiders sold a total of 52,308 shares of company stock valued at $3,929,379 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aspen Technology by 35.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock valued at $297,000 after buying an additional 1,180 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Aspen Technology by 59.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,373 shares of the technology company’s stock valued at $966,000 after buying an additional 5,737 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Aspen Technology in the 3rd quarter valued at $2,732,000. Rhumbline Advisers increased its position in shares of Aspen Technology by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 100,760 shares of the technology company’s stock valued at $6,329,000 after buying an additional 1,646 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Aspen Technology by 15.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock valued at $250,285,000 after buying an additional 543,592 shares in the last quarter.
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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