PTC Inc (NASDAQ:PTC) Director Corinna Lathan sold 2,260 shares of PTC stock in a transaction on Monday, March 18th. The shares were sold at an average price of $91.47, for a total transaction of $206,722.20. Following the completion of the sale, the director now owns 5,497 shares in the company, valued at $502,810.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of PTC opened at $92.98 on Thursday. PTC Inc has a 52 week low of $74.77 and a 52 week high of $107.44. The stock has a market capitalization of $10.98 billion, a P/E ratio of 103.31, a P/E/G ratio of 2.42 and a beta of 1.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.15. PTC had a net margin of 4.65% and a return on equity of 12.70%. The business had revenue of $334.96 million for the quarter, compared to analyst estimates of $324.70 million. During the same quarter in the prior year, the business earned $0.31 EPS. PTC’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that PTC Inc will post 1.09 earnings per share for the current year.

PTC has been the topic of several recent analyst reports. Wedbush lowered their price objective on shares of PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, January 24th. Mitsubishi UFJ Financial Group lowered their price objective on shares of PTC from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. Barclays restated a “buy” rating and set a $104.00 price objective on shares of PTC in a research note on Friday, January 25th. Deutsche Bank initiated coverage on shares of PTC in a research note on Wednesday, January 16th. They set a “buy” rating and a $115.00 price objective on the stock. Finally, BidaskClub upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $102.13.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in PTC by 49.3% in the 4th quarter. American Century Companies Inc. now owns 942,970 shares of the technology company’s stock valued at $78,172,000 after buying an additional 311,508 shares during the last quarter. Norges Bank bought a new stake in PTC in the 4th quarter valued at about $197,240,000. Coldstream Capital Management Inc. boosted its holdings in PTC by 8.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,958 shares of the technology company’s stock valued at $245,000 after purchasing an additional 228 shares during the period. Nordea Investment Management AB bought a new stake in PTC in the 4th quarter valued at about $302,000. Finally, Amalgamated Bank boosted its holdings in PTC by 58.7% in the 4th quarter. Amalgamated Bank now owns 27,274 shares of the technology company’s stock valued at $2,261,000 after purchasing an additional 10,088 shares during the period. Institutional investors and hedge funds own 89.70% of the company’s stock.

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PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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

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