PTC Inc. (NASDAQ:PTC - Get Free Report) EVP Kristian Talvitie sold 2,320 shares of the firm's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $173.34, for a total transaction of $402,148.80. Following the transaction, the executive vice president directly owned 65,015 shares of the company's stock, valued at $11,269,700.10. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kristian Talvitie also recently made the following trade(s):
- On Monday, December 8th, Kristian Talvitie sold 2,338 shares of PTC stock. The stock was sold at an average price of $174.71, for a total transaction of $408,471.98.
PTC Stock Performance
NASDAQ PTC opened at $174.41 on Tuesday. The company has a market capitalization of $20.83 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.11 and a beta of 1.03. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The stock has a fifty day simple moving average of $189.10 and a 200 day simple moving average of $191.91.
PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%.The firm had revenue of $1.76 billion for the quarter. Sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current year.
Hedge Funds Weigh In On PTC
Several institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company's stock valued at $3,147,478,000 after buying an additional 3,048,311 shares during the period. Vanguard Group Inc. boosted its holdings in PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company's stock worth $2,541,838,000 after acquiring an additional 416,791 shares in the last quarter. State Street Corp grew its stake in PTC by 4.1% in the third quarter. State Street Corp now owns 5,593,645 shares of the technology company's stock valued at $1,135,622,000 after acquiring an additional 221,349 shares during the period. Geode Capital Management LLC grew its stake in PTC by 8.4% in the second quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company's stock valued at $586,438,000 after acquiring an additional 265,558 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of PTC by 1.9% during the first quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company's stock valued at $367,382,000 after acquiring an additional 44,961 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on PTC shares. Zacks Research lowered shares of PTC from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen downgraded shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Robert W. Baird set a $255.00 price target on shares of PTC in a research report on Wednesday, October 22nd. Rosenblatt Securities lowered their price objective on PTC from $227.00 to $220.00 and set a "buy" rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of PTC in a research report on Monday, December 1st. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.92.
Check Out Our Latest Stock Report on PTC
PTC Company Profile
(
Get Free Report)
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.
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