PTC Inc. (NASDAQ:PTC – Get Free Report) Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now owns 44,137 shares in the company, valued at approximately $7,562,433.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Janice Chaffin also recently made the following trade(s):
- On Friday, July 12th, Janice Chaffin sold 4,000 shares of PTC stock. The stock was sold at an average price of $179.33, for a total value of $717,320.00.
- On Wednesday, June 12th, Janice Chaffin sold 4,000 shares of PTC stock. The stock was sold at an average price of $178.20, for a total transaction of $712,800.00.
PTC Price Performance
Shares of PTC stock traded up $1.90 during mid-day trading on Tuesday, reaching $172.09. 417,713 shares of the stock were exchanged, compared to its average volume of 838,363. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 71.21, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18. The firm has a 50-day simple moving average of $176.62 and a 200 day simple moving average of $180.00. The company has a current ratio of 0.70, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43.
Institutional Trading of PTC
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Citigroup reduced their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Rosenblatt Securities raised their target price on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler boosted their price target on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average target price of $200.18.
View Our Latest Stock Analysis on PTC
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.
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