Insider Sale: PTC Inc. (NASDAQ: PTC) Director Sells 250 Shares
PTC Inc. (NASDAQ: PTC) Director Phillip M. Fernandez sold 250 shares of the company’s stock in a trade on Monday, April 26. The stock was sold for an average price of $ 147.76, for a total value of $ 36,940.00. As a result of the sale, the director now directly owns 21,920 shares of the company, valued at approximately $ 3,238,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website.
NASDAQ: PTC traded down $ 1.07 on Tuesday, to hit $ 147.77. 11,968 shares were traded in the hands, for an average volume of 1,043,209. The company has a market capitalization of $ 17.26 billion, a price / earnings ratio of 130.64, a price / earnings-growth ratio. of 5.19 and a beta of 1.33. The company’s 50-day moving average is $ 138.24 and its 200-day moving average is $ 121.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt ratio of 0.70. PTC Inc. has a one-year low of $ 60.98 and a one-year high of $ 149.49.
PTC (NASDAQ: PTC) last announced its quarterly earnings data on Wednesday, January 27. The tech company reported EPS of $ 0.97 for the quarter, beating the consensus estimate of $ 0.66 by $ 0.31. The company posted revenue of $ 429.05 million in the quarter, compared to a consensus estimate of $ 382.18 million. PTC had a net margin of 8.96% and a return on equity of 16.53%. The company’s quarterly revenue increased 20.5% year-over-year. In the same quarter of last year, the company posted EPS of $ 0.57. On average, equity research analysts predict that PTC Inc. will post 1.56 EPS for the current fiscal year.
Hedge funds recently bought and sold shares in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in PTC by 22.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,984 shares of the tech company valued at $ 4,424,000 after purchasing an additional 6,780 shares in the last quarter. State of Michigan Retirement System increased its position in PTC by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 38,240 shares of the tech company valued at $ 4,574,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. increased its position in PTC by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,439 shares of the technology company valued at $ 37,969,000 after purchasing an additional 2,041 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in PTC shares by 12.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 47,032 shares of the technology company valued at $ 5,625,000 after purchasing an additional 5,281 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of PTC during the fourth quarter, valued at approximately $ 132,000. 83.96% of the shares are held by institutional investors and hedge funds.
Several equity analysts have published reports on PTC shares. Zacks investment research upgraded PTC’s shares from a “sell” rating to a “hold” rating and set a price target of $ 137.00 for the company in a research note on Monday, January 25. Barclays raised its price target on PTC shares from $ 145.00 to $ 161.00 and rated the stock “overweight” in a report on Thursday, April 22. Royal Bank of Canada raised its price target for PTC shares from $ 145.00 to $ 165.00 and rated the stock “outperform” in a report released on Monday. Mizuho raised his target price on PTC shares from $ 150.00 to $ 165.00 and gave the company a “buy” rating in a report on Friday April 16. Finally, TheStreet reduced PTC’s shares from a “b” rating to a “c +” rating in a Monday March 1 report. Four analysts rated the stock with a sustaining rating and thirteen issued a buy rating for the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $ 121.63.
PTC Inc operates as a software and services company in the Americas, Europe and Asia-Pacific. The company operates in two segments, software products and professional services. It offers ThingWorx, an IIoT platform that enables customers to face the digital transformation of their operations, products and services; ThingWorx Solution Central, a centralized cloud-based portal that enables ThingWorx users to discover, deploy and manage ThingWorx applications; and ThingWorx Kepware, which allows users to connect, manage, monitor and control disparate devices and software applications.
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