PTC Inc. (NASDAQ:PTC) Director Sells $172,000.00 in Stock

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at $1,368,600. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

PTC Stock Performance

Shares of PTC stock traded down $0.21 during trading on Wednesday, reaching $199.05. The company’s stock had a trading volume of 80,357 shares, compared to its average volume of 807,051. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average price is $185.37 and its 200-day moving average price is $179.58. The firm has a market cap of $23.91 billion, a price-to-earnings ratio of 64.07, a price-to-earnings-growth ratio of 2.72 and a beta of 1.17. PTC Inc. has a one year low of $153.44 and a one year high of $201.66.

Institutional Investors Weigh In On PTC

Several large investors have recently modified their holdings of the stock. US Bancorp DE raised its position in shares of PTC by 67.7% during the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after acquiring an additional 5,717 shares during the last quarter. Swedbank AB bought a new position in PTC during the 1st quarter worth about $9,849,000. Mirabella Financial Services LLP increased its holdings in PTC by 542.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after purchasing an additional 17,465 shares in the last quarter. KBC Group NV boosted its stake in shares of PTC by 2.1% during the 3rd quarter. KBC Group NV now owns 228,386 shares of the technology company’s stock worth $41,260,000 after buying an additional 4,712 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of PTC by 112.0% during the 2nd quarter. CWM LLC now owns 7,189 shares of the technology company’s stock worth $1,306,000 after buying an additional 3,798 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PTC has been the topic of a number of research reports. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Piper Sandler lifted their price objective on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average target price of $204.83.

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.