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

PTC Inc. (NASDAQ:PTCGet Free Report) 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.

Read Our Latest Research Report on PTC

PTC Company Profile

(Get Free Report)

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.

Further Reading

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

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