PTC Inc. (NASDAQ:PTC - Get Free Report) Director Corinna Lathan sold 622 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
PTC Stock Up 0.8 %
PTC stock opened at $161.24 on Thursday. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1-year low of $151.80 and a 1-year high of $203.09. The firm has a fifty day moving average price of $173.31 and a two-hundred day moving average price of $181.46. 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 (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.95% and a return on equity of 14.49%. Research analysts predict that PTC Inc. will post 4.46 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on PTC shares. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus upped their target price 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. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Monday. KeyCorp boosted their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Five investment 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, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $210.09.
Read Our Latest Stock Report on PTC
Institutional Trading of PTC
Institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its stake in PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after buying an additional 1,773,653 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PTC during the fourth quarter valued at $146,712,000. Norges Bank bought a new position in shares of PTC during the fourth quarter worth about $128,852,000. Fernbridge Capital Management LP increased its holdings in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after acquiring an additional 650,990 shares during the period. Finally, D1 Capital Partners L.P. bought a new stake in PTC in the 3rd quarter valued at about $84,549,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.
PTC Company Profile
(
Get Free Report)
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.
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