Robert C. Gremley Sells 14,621 Shares of PTC Inc. (PTC) Stock
PTC Inc. (NASDAQ:PTC) EVP Robert C. Gremley sold 14,621 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $47.45, for a total transaction of $693,766.45. Following the transaction, the executive vice president now owns 40,018 shares in the company, valued at $1,898,854.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of PTC Inc. (NASDAQ:PTC) opened at 48.68 on Monday. PTC Inc. has a 52-week low of $27.06 and a 52-week high of $49.24. The stock’s 50 day moving average is $45.93 and its 200-day moving average is $41.11. The firm’s market cap is $5.60 billion.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.10. PTC had a positive return on equity of 10.56% and a negative net margin of 4.92%. The business had revenue of $288.20 million for the quarter, compared to analyst estimates of $297.91 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year. Equities analysts anticipate that PTC Inc. will post $1.33 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of PTC by 3,567.2% in the second quarter. BNP Paribas Arbitrage SA now owns 45,290 shares of the company’s stock worth $1,702,000 after buying an additional 44,055 shares during the last quarter. Capital Investment Services of America Inc. raised its stake in shares of PTC by 19.1% in the third quarter. Capital Investment Services of America Inc. now owns 303,475 shares of the company’s stock worth $13,447,000 after buying an additional 48,603 shares during the last quarter. UBS Group AG raised its stake in shares of PTC by 67.6% in the first quarter. UBS Group AG now owns 19,706 shares of the company’s stock worth $653,000 after buying an additional 7,948 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of PTC by 220.4% in the second quarter. Chartwell Investment Partners LLC now owns 518,534 shares of the company’s stock worth $19,487,000 after buying an additional 356,710 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its stake in shares of PTC by 92.9% in the first quarter. A.R.T. Advisors LLC now owns 66,231 shares of the company’s stock worth $2,196,000 after buying an additional 31,900 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Several research analysts have recently weighed in on PTC shares. Zacks Investment Research upgraded shares of PTC from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Brean Capital assumed coverage on shares of PTC in a research report on Friday, October 7th. They set a “buy” rating for the company. Wedbush reissued an “outperform” rating and set a $52.00 target price (up previously from $46.00) on shares of PTC in a research report on Wednesday, October 12th. Evercore ISI assumed coverage on shares of PTC in a research report on Wednesday, September 14th. They set a “buy” rating and a $50.00 target price for the company. Finally, KeyCorp reissued a “buy” rating and set a $55.00 target price on shares of PTC in a research report on Thursday, November 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.93.
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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