Aspen Technology, Inc. (NASDAQ:AZPN) Short Interest Update

Aspen Technology, Inc. (NASDAQ:AZPN) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,480,000 shares, a growth of 6.5% from the May 31st total of 1,390,000 shares. Based on an average daily volume of 212,300 shares, the short-interest ratio is currently 7.0 days. Approximately 5.5% of the shares of the company are sold short.

Institutional Trading of Aspen Technology

Several large investors have recently modified their holdings of AZPN. GAMMA Investing LLC grew its position in shares of Aspen Technology by 65.7% in the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Aspen Technology by 561.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 225 shares of the technology company’s stock valued at $48,000 after purchasing an additional 191 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Aspen Technology by 2.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 31,634 shares of the technology company’s stock valued at $70,000 after purchasing an additional 735 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Aspen Technology in the fourth quarter valued at approximately $73,000. Finally, UniSuper Management Pty Ltd grew its position in shares of Aspen Technology by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 400 shares of the technology company’s stock valued at $85,000 after purchasing an additional 200 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird reissued an “outperform” rating and set a $230.00 price target on shares of Aspen Technology in a report on Friday, June 14th. Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $185.00 to $255.00 in a report on Friday, May 17th. William Blair raised shares of Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Finally, Piper Sandler cut their price target on shares of Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $219.50.

Aspen Technology Trading Up 2.3 %

Shares of AZPN opened at $199.53 on Thursday. The firm’s 50-day moving average is $204.65 and its two-hundred day moving average is $202.61. Aspen Technology has a twelve month low of $162.26 and a twelve month high of $224.77. The firm has a market capitalization of $12.64 billion, a P/E ratio of -453.48, a PEG ratio of 2.51 and a beta of 0.74.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.39. Aspen Technology had a negative net margin of 2.46% and a positive return on equity of 2.76%. The company had revenue of $278.11 million for the quarter, compared to analyst estimates of $251.65 million. Analysts predict that Aspen Technology will post 5.52 EPS for the current year.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.