Insider Selling: PTC Inc. (NASDAQ:PTC) EVP Sells $170,000.00 in Stock

PTC Inc. (NASDAQ:PTC) EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PTC Price Performance

NASDAQ PTC traded up $2.73 on Friday, hitting $173.15. The company had a trading volume of 737,870 shares, compared to its average volume of 843,695. The company’s fifty day moving average price is $176.76 and its 200-day moving average price is $180.08. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $20.73 billion, a PE ratio of 72.18, a PEG ratio of 3.30 and a beta of 1.18.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of analyst reports. Rosenblatt Securities upped their target price on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler boosted their target price on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Citigroup decreased their price target on shares of 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 reiterated a “neutral” rating and issued a $190.00 target price (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.18.

Hedge Funds Weigh In On PTC

A number of hedge funds have recently made changes to their positions in PTC. First Horizon Advisors Inc. grew its position in shares of PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 122 shares during the last quarter. Rothschild Investment LLC acquired a new position in PTC in the 2nd quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of PTC in the 2nd quarter worth $30,000. Finally, Lindbrook Capital LLC raised its holdings in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.