PTC Inc. (NASDAQ:PTC) Insider Sells $15,562.00 in Stock

PTC Inc. (NASDAQ:PTCGet 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:PTCGet 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

A number of hedge funds and other institutional investors have recently bought and sold shares of PTC. Sageworth Trust Co of South Dakota bought a new position in PTC in the fourth quarter valued at about $26,000. NuWave Investment Management LLC bought a new position in PTC in the first quarter valued at about $26,000. Crewe Advisors LLC bought a new position in PTC in the fourth quarter valued at about $35,000. Dupont Capital Management Corp bought a new position in PTC in the second quarter valued at about $41,000. Finally, Cyrus J. Lawrence LLC bought a new position in PTC in the first quarter valued at about $43,000. Institutional investors own 86.56% of the company’s stock.

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, 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.63.

About PTC

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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.

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