PTC Inc. (NASDAQ:PTC) Director Sells $96,739.66 in Stock

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 622 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PTC Price Performance

Shares of NASDAQ PTC opened at $159.84 on Friday. The stock has a fifty day simple moving average of $172.37 and a two-hundred day simple moving average of $181.17. PTC Inc. has a 1-year low of $151.80 and a 1-year high of $203.09. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PTC. Aster Capital Management DIFC Ltd bought a new position in shares of PTC in the fourth quarter worth $30,000. Allworth Financial LP boosted its stake in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Pinney & Scofield Inc. bought a new position in PTC in the 4th quarter worth about $47,000. Kapitalo Investimentos Ltda bought a new position in PTC in the 4th quarter worth about $51,000. Finally, Assetmark Inc. boosted its stake in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the period. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on PTC. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Citigroup reduced their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. KeyCorp upped their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus upped their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

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.