PTC Inc. (NASDAQ:PTC) Director Sells $858,650.00 in Stock

PTC Inc. (NASDAQ:PTC) Director Robert Schechter sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now directly owns 59,616 shares of the company’s stock, valued at $10,237,855.68. The sale was disclosed in a filing with the SEC, which is available through this link.

PTC Trading Up 1.6 %

NASDAQ:PTC opened at $173.15 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The business has a 50 day moving average price of $176.76 and a two-hundred day moving average price of $180.08. The company has a market cap of $20.73 billion, a P/E ratio of 72.18, a price-to-earnings-growth ratio of 3.30 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup cut their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 price target on shares of PTC in a research note on Thursday, August 1st. Robert W. Baird upped their price target on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Rosenblatt Securities raised their price objective on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its stake in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Blue Trust Inc. lifted its holdings in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares during the period. Rothschild Investment LLC bought a new position in shares of PTC during the 2nd quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC during the 2nd quarter valued at $30,000. Finally, Lindbrook Capital LLC grew its stake in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares in the last quarter. 95.14% of the stock is currently owned by 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.