PTC Inc (NASDAQ:PTC) EVP Staats Aaron C. Von sold 11,907 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $87.62, for a total value of $1,043,291.34. Following the completion of the transaction, the executive vice president now directly owns 23,981 shares of the company’s stock, valued at approximately $2,101,215.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of PTC stock opened at $81.35 on Wednesday. PTC Inc has a 12 month low of $59.40 and a 12 month high of $107.44. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 90.39, a PEG ratio of 2.42 and a beta of 1.54. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.74.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. PTC had a return on equity of 11.97% and a net margin of 4.19%. The business had revenue of $312.52 million during the quarter, compared to analysts’ expectations of $322.00 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that PTC Inc will post 1.11 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. reduced their price target on PTC to $96.00 in a report on Friday, October 26th. Cowen set a $105.00 price target on PTC and gave the stock a “buy” rating in a report on Sunday, October 28th. Zacks Investment Research raised PTC from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Guggenheim assumed coverage on PTC in a report on Tuesday, August 7th. They issued a “buy” rating and a $115.00 price target for the company. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. PTC has a consensus rating of “Buy” and an average target price of $98.63.

Hedge funds have recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of PTC in the third quarter valued at approximately $116,000. Fort L.P. purchased a new stake in shares of PTC in the second quarter valued at approximately $122,000. Qube Research & Technologies Ltd purchased a new stake in shares of PTC in the second quarter valued at approximately $134,000. Almanack Investment Partners LLC. purchased a new stake in shares of PTC in the second quarter valued at approximately $150,000. Finally, Private Advisor Group LLC purchased a new stake in shares of PTC in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

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About PTC

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Further Reading: Balance Sheet

Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

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