PTC Inc. (NASDAQ:PTC – Get Rating) insider Catherine Kniker sold 124 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $125.50, for a total value of $15,562.00. Following the sale, the insider now directly owns 6,456 shares of the company’s stock, valued at approximately $810,228. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
PTC Stock Down 1.9 %
Shares of NASDAQ PTC opened at $123.38 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.24 and a current ratio of 1.24. PTC Inc. has a 52 week low of $96.55 and a 52 week high of $137.67. The stock has a market capitalization of $14.43 billion, a P/E ratio of 30.54, a PEG ratio of 3.06 and a beta of 1.13. The stock’s fifty day moving average is $109.81 and its 200 day moving average is $109.48.
PTC (NASDAQ:PTC – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. PTC had a return on equity of 19.08% and a net margin of 25.54%. The company had revenue of $462.47 million for the quarter, compared to analysts’ expectations of $473.65 million. During the same quarter last year, the business earned $0.54 earnings per share. PTC’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that PTC Inc. will post 3.44 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Barclays cut their price target on PTC from $141.00 to $120.00 in a report on Thursday, April 28th. Royal Bank of Canada reissued a “maintains” rating on shares of PTC in a report on Thursday. Mizuho lifted their target price on PTC from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet raised PTC from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Finally, StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.63.
PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.
- Get a free copy of the StockNews.com research report on PTC (PTC)
- Use These To Find Your Stock’s Support and Resistance Levels
- Is Boeing Stock is Ready for Lift-Off ?
- Elon Musk is Out, But Should You Be In Twitter Stock?
- 3 Earnings Announcements That Could Surprise
- Twitter’s Up For Third Week In A Row: What’s Next For The Stock?
Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.