PTC Inc (NASDAQ:PTC)’s share price dropped 0.2% during trading on Friday after an insider sold shares in the company. The company traded as low as $72.87 and last traded at $72.78, approximately 50,095 shares traded hands during mid-day trading. A decline of 94% from the average daily volume of 877,248 shares. The stock had previously closed at $72.90.
Specifically, EVP Matthew Lessner Cohen sold 10,000 shares of PTC stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares of the company’s stock, valued at approximately $2,310,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James E. Heppelmann sold 15,000 shares of PTC stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,700 shares of company stock valued at $2,295,738 in the last 90 days. Insiders own 9.91% of the company’s stock.
A number of equities analysts have recently commented on PTC shares. Griffin Securities cut shares of PTC from a “buy” rating to a “neutral” rating in a report on Thursday. KeyCorp lifted their target price on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. ValuEngine cut shares of China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and lifted their target price for the company from $92.00 to $99.00 in a report on Monday, July 22nd. Finally, Mizuho lifted their target price on shares of Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.13.
The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $10.54 billion, a P/E ratio of 81.51, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19. The stock’s 50 day simple moving average is $88.56.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.18. The company had revenue of $322.40 million for the quarter, compared to analysts’ expectations of $322.42 million. PTC had a net margin of 3.06% and a return on equity of 11.68%. PTC’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. On average, analysts forecast that PTC Inc will post 1.05 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Arlington Partners LLC acquired a new position in shares of PTC during the 2nd quarter worth $64,000. Machina Capital S.A.S. grew its stake in shares of PTC by 17,775.0% during the 2nd quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock worth $64,000 after purchasing an additional 711 shares during the period. First Manhattan Co. acquired a new position in shares of PTC during the 1st quarter worth $92,000. Manchester Capital Management LLC acquired a new position in shares of PTC during the 1st quarter worth $115,000. Finally, Pearl River Capital LLC grew its stake in shares of PTC by 201.7% during the 1st quarter. Pearl River Capital LLC now owns 2,112 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,412 shares during the period. 92.46% of the stock is currently owned by institutional investors.
About PTC (NASDAQ:PTC)
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
