PTC Inc. (NASDAQ:PTC) Director Sells $96,739.66 in Stock

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 622 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PTC Trading Up 0.8 %

Shares of PTC traded up $1.27 during trading hours on Wednesday, hitting $161.29. 36,857 shares of the stock were exchanged, compared to its average volume of 814,494. The firm has a market capitalization of $19.41 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The business has a 50-day moving average of $173.77 and a 200-day moving average of $181.60.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

PTC has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Monday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $210.09.

Hedge Funds Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in PTC. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter worth approximately $30,000. Allworth Financial LP grew its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Pinney & Scofield Inc. bought a new stake in PTC in the fourth quarter valued at $47,000. Kapitalo Investimentos Ltda bought a new stake in PTC in the fourth quarter valued at $51,000. Finally, Assetmark Inc. raised its holdings in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after purchasing an additional 297 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.