PTC Inc. (NASDAQ:PTC) EVP Anthony Dibona sold 11,025 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $48.72, for a total value of $537,138.00. Following the completion of the transaction, the executive vice president now directly owns 32,884 shares in the company, valued at $1,602,108.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

PTC Inc. (NASDAQ:PTC) traded down 0.67% during mid-day trading on Friday, reaching $48.68. The company’s stock had a trading volume of 1,386,791 shares. The firm’s 50 day moving average is $45.87 and its 200-day moving average is $41.08. PTC Inc. has a 12-month low of $27.06 and a 12-month high of $49.24. The company’s market cap is $5.60 billion.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.10. The business had revenue of $288.20 million for the quarter, compared to analysts’ expectations of $297.91 million. PTC had a positive return on equity of 10.56% and a negative net margin of 4.92%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 EPS. Equities analysts anticipate that PTC Inc. will post $1.33 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

PTC has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $55.00 price objective on shares of PTC in a research report on Thursday, November 10th. Pacific Crest set a $55.00 price objective on PTC and gave the company a “buy” rating in a research report on Wednesday, November 9th. Barclays PLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of PTC in a research report on Wednesday, November 9th. RBC Capital Markets reaffirmed an “outperform” rating and set a $55.00 price objective (up from $53.00) on shares of PTC in a research report on Wednesday, November 9th. Finally, Royal Bank Of Canada lifted their price objective on PTC from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.93.

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in PTC by 67.6% in the first quarter. UBS Group AG now owns 19,706 shares of the company’s stock valued at $653,000 after buying an additional 7,948 shares during the period. Geode Capital Management LLC increased its position in PTC by 5.6% in the first quarter. Geode Capital Management LLC now owns 734,470 shares of the company’s stock valued at $24,355,000 after buying an additional 39,178 shares during the period. Wellington Management Group LLP increased its position in PTC by 8.5% in the first quarter. Wellington Management Group LLP now owns 475,393 shares of the company’s stock valued at $15,764,000 after buying an additional 37,337 shares during the period. A.R.T. Advisors LLC increased its position in PTC by 92.9% in the first quarter. A.R.T. Advisors LLC now owns 66,231 shares of the company’s stock valued at $2,196,000 after buying an additional 31,900 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in PTC by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 109,081 shares of the company’s stock valued at $3,617,000 after buying an additional 2,938 shares during the period. Institutional investors and hedge funds own 94.58% of the company’s stock.

About PTC

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.

5 Day Chart for NASDAQ:PTC

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