PTC Inc. (NASDAQ:PTC) Director Sells $712,800.00 in Stock

PTC Inc. (NASDAQ:PTC) Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the completion of the sale, the director now owns 52,137 shares in the company, valued at approximately $9,290,813.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

PTC Price Performance

Shares of PTC stock opened at $173.50 on Friday. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 72.59, a PEG ratio of 3.28 and a beta of 1.18. PTC Inc. has a 12 month low of $134.61 and a 12 month high of $194.24. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $178.76 and a 200 day moving average price of $177.87.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The company had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. Research analysts expect that PTC Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PTC shares. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Robert W. Baird raised their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Citigroup reduced their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Mizuho restated a “neutral” rating and issued a $190.00 target price (down from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average target price of $199.73.

Institutional Trading of PTC

Institutional investors have recently bought and sold shares of the business. Pathstone Family Office LLC grew its stake in shares of PTC by 40.8% during the third quarter. Pathstone Family Office LLC now owns 3,762 shares of the technology company’s stock worth $533,000 after purchasing an additional 1,091 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of PTC by 719.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 47,500 shares of the technology company’s stock valued at $6,730,000 after acquiring an additional 41,700 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of PTC by 1.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,355 shares of the technology company’s stock valued at $10,110,000 after acquiring an additional 1,353 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of PTC by 5.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 25,825 shares of the technology company’s stock valued at $3,659,000 after acquiring an additional 1,312 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in PTC by 9.9% during the 3rd quarter. Texas Permanent School Fund Corp now owns 24,562 shares of the technology company’s stock worth $3,480,000 after acquiring an additional 2,218 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

About PTC

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.