PTC Inc (NASDAQ:PTC) EVP Sells $26,010.00 in Stock

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PTC Inc (NASDAQ:PTC) EVP Kathleen Mitford sold 340 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.50, for a total value of $26,010.00. Following the completion of the transaction, the executive vice president now directly owns 20,592 shares in the company, valued at $1,575,288. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kathleen Mitford also recently made the following trade(s):

  • On Monday, November 18th, Kathleen Mitford sold 613 shares of PTC stock. The shares were sold at an average price of $73.39, for a total value of $44,988.07.
  • On Thursday, October 24th, Kathleen Mitford sold 100 shares of PTC stock. The shares were sold at an average price of $77.00, for a total value of $7,700.00.

PTC stock traded down $0.66 during trading on Monday, hitting $75.94. 24,735 shares of the company were exchanged, compared to its average volume of 791,861. The business’s 50 day moving average is $70.19 and its 200 day moving average is $75.39. PTC Inc has a 52 week low of $62.05 and a 52 week high of $102.47. The company has a market capitalization of $8.84 billion, a P/E ratio of 83.43 and a beta of 1.17. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.56.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. PTC had a return on equity of 12.23% and a net margin of 2.33%. The business had revenue of $335.00 million during the quarter, compared to the consensus estimate of $333.86 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. PTC’s revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that PTC Inc will post 1.4 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PTC. Robeco Institutional Asset Management B.V. boosted its position in PTC by 44.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 7,307 shares of the technology company’s stock worth $656,000 after purchasing an additional 2,261 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its position in PTC by 7.1% in the second quarter. Campbell Newman Asset Management Inc. now owns 7,847 shares of the technology company’s stock worth $704,000 after purchasing an additional 520 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in PTC by 202.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 57,400 shares of the technology company’s stock worth $5,152,000 after purchasing an additional 38,400 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in PTC by 59.4% in the second quarter. Sumitomo Life Insurance Co. now owns 25,402 shares of the technology company’s stock worth $2,280,000 after purchasing an additional 9,467 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in PTC by 42.8% in the second quarter. SG Americas Securities LLC now owns 9,602 shares of the technology company’s stock worth $862,000 after purchasing an additional 2,877 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on PTC. Mizuho reissued a “buy” rating and issued a $80.00 price target on shares of PTC in a research note on Tuesday, November 26th. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Barclays started coverage on PTC in a report on Monday, November 4th. They set an “overweight” rating and a $81.00 price objective for the company. Evercore ISI restated a “buy” rating and set a $104.00 price objective on shares of PTC in a report on Sunday, November 24th. Finally, BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.47.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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