Insider Selling: PTC Inc. (NASDAQ:PTC) EVP Sells 1,988 Shares of Stock

PTC Inc. (NASDAQ:PTC) EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now directly owns 17,731 shares of the company’s stock, valued at $2,836,960. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

PTC Stock Down 1.1 %

Shares of PTC opened at $162.94 on Friday. The firm has a market cap of $19.54 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $153.52 and its two-hundred day moving average is $174.60. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

PTC has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on shares of PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Piper Sandler dropped their price objective on shares of PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price objective on PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Oppenheimer reduced their price objective on PTC from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $187.15.

Institutional Trading of PTC

Large investors have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC acquired a new position in PTC in the first quarter worth about $26,000. Motco bought a new position in PTC in the 1st quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new stake in PTC during the 4th quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the first quarter worth about $33,000. Finally, Allworth Financial LP lifted its stake in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.