Staats Aaron C. Von Sells 5,373 Shares of PTC Inc. (NASDAQ:PTC) Stock

PTC Inc. (NASDAQ:PTC) EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

PTC Trading Down 0.6 %

Shares of PTC traded down $1.24 during midday trading on Tuesday, reaching $198.35. The company had a trading volume of 608,126 shares, compared to its average volume of 800,459. The firm has a 50 day simple moving average of $189.25 and a 200-day simple moving average of $180.67. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock has a market cap of $23.83 billion, a PE ratio of 64.18, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $202.80.

Hedge Funds Weigh In On PTC

A number of institutional investors have recently bought and sold shares of PTC. Oddo BHF Asset Management Sas acquired a new position in shares of PTC in the 3rd quarter valued at $3,113,000. Franklin Resources Inc. lifted its position in PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after buying an additional 30,525 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in PTC by 48.7% during the third quarter. Sanctuary Advisors LLC now owns 4,265 shares of the technology company’s stock worth $843,000 after buying an additional 1,397 shares during the period. Toronto Dominion Bank increased its position in shares of PTC by 46.1% during the third quarter. Toronto Dominion Bank now owns 59,294 shares of the technology company’s stock valued at $10,712,000 after acquiring an additional 18,713 shares during the last quarter. Finally, TT International Asset Management LTD purchased a new stake in shares of PTC in the 3rd quarter valued at approximately $1,143,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PTC has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $205.67.

PTC Company Profile

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.