Staats Aaron C. Von Sells 11,907 Shares of PTC Inc (PTC) Stock
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.
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.
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
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