Aspen Technology, Inc. (NASDAQ:AZPN) short interest rises 9.6%.
There was a discernible increase in the number of short positions taken in Aspen Technology, Inc. (NASDAQ: AZPN) during November. There were a total of 908,600 shares available for a short sale as of the previous day, but as of November 30, there were a total of 995,400 shares available for a short sale, marking a 9.6% increase over the total from the previous day. Based on an average daily volume of trading of 264,000 shares, the short-interest ratio is currently sitting at 3.8 days, where it has been for the past few days. 3.6% of the company’s shares are currently being sold on the short market at this time.
On October 26, the most recent earnings report for Aspen Technology was made public. Aspen Technology’s stock is traded on the NASDAQ under the ticker symbol AZPN. The technology company reported earnings per share for the quarter of $1.98, which was $0.89 more than the average $1.09 that analysts expected. The technology company reported earnings per share for the quarter of $1.98, which was $0.89 more than the average $1.09 that analysts expected. Aspen Technology had a return on equity of 5.75 percent, while the company’s net margin was 21.55%. The actual revenue the company brought in for the quarter was $255.82 million, which is significantly higher than the forecasted revenue of $236.76 million expected for the company throughout the quarter. The company reported a profit of $0.65 per share of common stock for the same period the year before, which was posted as a profit. Aspen Technology saw an increase of 84.4% in its sales when compared to the amount it brought in during the same quarter the year before. According to projections made by sell-side analysts, the earnings per share that Aspen Technology will generate in 2018 will come in at $5.99.
As trading got underway on Friday, the price of an individual share of Aspen Technology was $206.27. The lowest price that Aspen Technology has been at in the last year is $135.48, and the highest price that the company has been at in the last year is $263.59. The stock has had a moving average price of $216.91 over the past 200 days, while the moving average price over the last 50 days has been $236.88. The company has a price-to-earnings ratio of 68.76, a price-to-earnings-to-growth ratio of 1,99, and a beta value of 0.98. Its market value is $13.31 billion. The quick ratio is 4.07, the current ratio is 3.24, and the debt-to-equity ratio is 0.02. The quick ratio is the most important of the three.
Several analysts from the relevant industry have provided their feedback regarding the company in question. KeyCorp stated in a research note released on October 27 that they had increased their target price for Aspen Technology from $270 to $280 and rated the company as “overweight.” The research note was published in conjunction with the announcement. On October 12, the publication added coverage of Aspen Technology to StockNews.com, and at that time, the company was assigned a “hold” rating. Robert W. Baird increased their price objective on Aspen Technology to a total of 242.00 dollars, published in a research report released on October 27. Piper Jaffray gave the company a rating of “neutral” in a report published on September 19, and they increased their price objective on Aspen Technology from $189.00 to $240.00. The report was made public on Monday. This information was taken into consideration during the research process. Three of the financial analysts polled gave the stock a buy recommendation, while four gave the company a hold rating. According to Bloomberg, the current recommendation for Aspen Technology is “Hold,” and it is anticipated that the company’s stock will reach an average price objective of $243.40 shortly.
According to additional Aspen Technology-related news, Vice President F. G. Hammond sold 2,495 shares of the company’s stock on November 30. The company reported this information. The sale of the stock resulted in total revenue of $558,256.25, equivalent to a price of $223.75 for each share purchased. As a direct consequence of the sale, the vice president now owns 20,152 shares of the company. Based on the current market price, these shares are estimated to be worth approximately $4,590,000. The sale was made known to the general public through a document initially submitted to the SEC and then made available online by the SEC. The corporation’s executives, directors, and senior executives collectively own one percent of the company stock.
Recently, there has been a significant increase in the number of institutional investors engaged in buying and selling AZPN shares. During the third quarter of 2018, Wipfli Financial Advisors LLC made a new investment in Aspen Technology for $33,000 shares. During the third quarter of 2018, Wipfli Financial Advisors LLC made a new investment in Aspen Technology for $33,000. Altshuler Shaham Ltd. invested $37,000 in a new stake with Aspen Technology during the third quarter. This was done during the third quarter. CWM LLC’s ownership stake in Aspen Technology increased by 163.9% during the third quarter due to the company’s acquisition of additional shares. The total number of shares CWM LLC owns in the technology company is 190, and their current market value is $45,000. During the most recent quarter, this represents an increase of 118 shares from the previous quarter’s total. Aspen Technology received a donation of $47,000 from DekaBank Deutsche Girozentrale during the third quarter of the fiscal year. IFP Advisors Inc. increased its holdings in Aspen Technology by a factor of two hundred and zero during the third quarter. This is the last, but not the least, point. After making an additional purchase of 220 shares during the most recent quarter, IFP Advisors Inc. now has 330 shares of stock in the technology company in its possession. The value of the stock holdings held by IFP Advisors Inc. comes to $51,000. Institutional investors own the company’s stock at 93.73 percent.
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