PTC Inc. (NASDAQ:PTC) VP Staats Aaron C. Von sold 13,588 shares of PTC stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $47.46, for a total value of $644,886.48. Following the completion of the transaction, the vice president now directly owns 61,443 shares in the company, valued at $2,916,084.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of PTC Inc. (NASDAQ:PTC) traded down 0.78% on Friday, reaching $48.63. The company had a trading volume of 740,863 shares. The company’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 firm’s market capitalization is $5.59 billion.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.10. The company had revenue of $288.20 million for the quarter, compared to the consensus estimate 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 was down 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. Equities analysts forecast that PTC Inc. will post $1.33 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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 last quarter. Epoch Investment Partners Inc. increased its stake in shares of PTC by 102.7% in the third quarter. Epoch Investment Partners Inc. now owns 4,704,111 shares of the company’s stock valued at $208,439,000 after buying an additional 2,383,542 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of PTC by 3.8% in the third quarter. BlackRock Fund Advisors now owns 4,455,776 shares of the company’s stock valued at $197,435,000 after buying an additional 162,936 shares during the last quarter. Jennison Associates LLC increased its stake in shares of 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 last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 last quarter. Institutional investors own 94.58% of the company’s stock.

Several equities analysts recently commented on PTC shares. KeyCorp reissued a “buy” rating and set a $55.00 price target on shares of PTC in a research report on Thursday, November 10th. Royal Bank Of Canada boosted their price target on PTC from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. Wedbush boosted their price target on PTC from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. Zacks Investment Research raised PTC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, November 9th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $55.00 price target (up from $53.00) on shares of PTC 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 stock currently has a consensus rating of “Buy” and a consensus price target of $49.93.

PTC Company Profile

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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