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 that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PTC Stock Performance

PTC stock traded up $1.27 during mid-day trading on Wednesday, reaching $161.29. 36,857 shares of the company’s stock were exchanged, compared to its average volume of 814,494. The firm has a market capitalization of $19.41 billion, a PE ratio of 49.93, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $173.77 and its 200 day simple moving average is $181.60. PTC Inc. has a one year low of $151.80 and a one year high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS 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, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analyst Weigh In

PTC has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup lowered their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Institutional Inflows and Outflows

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

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.