Robert Schechter Sells 1,136 Shares of PTC Inc. (PTC) Stock
PTC Inc. (NASDAQ:PTC) Director Robert Schechter sold 1,136 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $45.02, for a total transaction of $51,142.72. Following the sale, the director now directly owns 60,035 shares of the company’s stock, valued at approximately $2,702,775.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Robert Schechter also recently made the following trade(s):
- On Friday, July 22nd, Robert Schechter sold 1,248 shares of PTC stock. The shares were sold at an average price of $39.98, for a total transaction of $49,895.04.
PTC Inc. (NASDAQ:PTC) opened at 45.44 on Wednesday. The firm’s 50 day moving average price is $43.28 and its 200-day moving average price is $38.38. PTC Inc. has a 12-month low of $27.06 and a 12-month high of $46.80. The company’s market capitalization is $5.22 billion.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.05. PTC had a negative net margin of 1.60% and a positive return on equity of 16.92%. The business had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $288.77 million. During the same period last year, the firm posted $0.53 earnings per share. PTC’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities analysts anticipate that PTC Inc. will post $1.38 earnings per share for the current fiscal year.
PTC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of PTC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 22nd. Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of PTC in a research report on Friday, July 15th. Citigroup Inc. assumed coverage on PTC in a report on Monday, August 1st. They set a “buy” rating and a $48.00 price target on the stock. Finally, Evercore ISI assumed coverage on PTC in a report on Wednesday, September 14th. They set a “buy” rating and a $50.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.70.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in PTC by 2.6% in the second quarter. Vanguard Group Inc. now owns 8,289,794 shares of the company’s stock valued at $311,531,000 after buying an additional 207,521 shares during the period. BlackRock Fund Advisors boosted its position in PTC by 4.5% in the second quarter. BlackRock Fund Advisors now owns 4,292,840 shares of the company’s stock valued at $161,325,000 after buying an additional 186,308 shares during the period. Jennison Associates LLC boosted its position in PTC by 1.8% in the second quarter. Jennison Associates LLC now owns 3,591,550 shares of the company’s stock valued at $134,970,000 after buying an additional 62,504 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in PTC by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,400,570 shares of the company’s stock valued at $127,793,000 after buying an additional 57,166 shares during the period. Finally, State Street Corp boosted its position in PTC by 1.1% in the first quarter. State Street Corp now owns 2,994,019 shares of the company’s stock valued at $99,277,000 after buying an additional 33,079 shares during the period. 95.12% of the stock is currently owned by hedge funds and other institutional investors.
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
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