PTC Inc. (NASDAQ:PTC – Get Free Report) Director Corinna Lathan sold 800 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $140.71, for a total transaction of $112,568.00. Following the transaction, the director now owns 7,703 shares of the company’s stock, valued at $1,083,889.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
PTC Stock Performance
NASDAQ PTC opened at $143.27 on Tuesday. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 55.75, a PEG ratio of 3.74 and a beta of 1.18. PTC Inc. has a twelve month low of $101.82 and a twelve month high of $152.09. The stock has a fifty day simple moving average of $143.92 and a 200 day simple moving average of $135.15. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.67.
PTC (NASDAQ:PTC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The company had revenue of $542.34 million during the quarter, compared to analyst estimates of $530.35 million. PTC had a net margin of 14.90% and a return on equity of 15.41%. Sell-side analysts expect that PTC Inc. will post 2.94 EPS for the current year.
Institutional Investors Weigh In On PTC
Analysts Set New Price Targets
Several brokerages have commented on PTC. Royal Bank of Canada boosted their price objective on shares of PTC from $158.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Rosenblatt Securities boosted their target price on PTC from $148.00 to $159.00 in a research note on Thursday, July 27th. BMO Capital Markets assumed coverage on PTC in a research note on Wednesday, May 24th. They set an “outperform” rating and a $166.00 target price for the company. StockNews.com assumed coverage on PTC in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Piper Sandler reissued a “neutral” rating and set a $150.00 target price on shares of PTC in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.92.
PTC Company Profile
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.
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