PTC Inc. (NASDAQ:PTC – Get Rating) Director Blake D. Moret sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $125.91, for a total value of $2,518,200.00. Following the transaction, the director now directly owns 6,734,534 shares of the company’s stock, valued at approximately $847,945,175.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
PTC Price Performance
NASDAQ PTC opened at $125.28 on Wednesday. The company has a market capitalization of $14.82 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.43. The business’s fifty day moving average is $124.30 and its 200 day moving average is $124.91. PTC Inc. has a fifty-two week low of $97.97 and a fifty-two week high of $139.91.
PTC (NASDAQ:PTC – Get Rating) last released its earnings results on Wednesday, February 1st. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). The company had revenue of $465.91 million for the quarter, compared to analysts’ expectations of $464.43 million. PTC had a net margin of 15.96% and a return on equity of 15.62%. PTC’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. Sell-side analysts predict that PTC Inc. will post 3.03 earnings per share for the current year.
Hedge Funds Weigh In On PTC
Analyst Ratings Changes
A number of analysts have commented on PTC shares. Mizuho lifted their target price on PTC from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Barclays lifted their target price on PTC from $150.00 to $152.00 in a report on Thursday, April 27th. JPMorgan Chase & Co. lifted their target price on PTC from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Loop Capital lifted their target price on PTC from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Robert W. Baird lifted their target price on PTC from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, January 26th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $154.09.
About PTC
PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.
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