Key Points
- PTC EVP Kristian Talvitie sold 50,291 shares on December 9 at an average price of $173.14 for a total of about $8.71 million, leaving him with 12,386 shares — an 80.24% reduction in his position.
- Company context: PTC has a $21.26 billion market cap, reported $2.10 EPS on $1.76 billion revenue last quarter, carries a P/E of 28.99, and holds a consensus "Moderate Buy" rating with an average target of $205.92 amid ~95.14% institutional ownership.
PTC Inc. (NASDAQ:PTC - Get Free Report) EVP Kristian Talvitie sold 50,291 shares of the firm's stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the transaction, the executive vice president directly owned 12,386 shares of the company's stock, valued at approximately $2,144,512.04. This represents a 80.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Kristian Talvitie also recently made the following trade(s):
- On Monday, December 8th, Kristian Talvitie sold 2,338 shares of PTC stock. The shares were sold at an average price of $174.71, for a total value of $408,471.98.
- On Friday, December 5th, Kristian Talvitie sold 2,320 shares of PTC stock. The stock was sold at an average price of $173.34, for a total value of $402,148.80.
PTC Stock Performance
Shares of PTC opened at $178.00 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.12. The stock has a 50-day moving average of $187.46 and a two-hundred day moving average of $191.73. The stock has a market cap of $21.26 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.00 and a beta of 1.03. PTC Inc. has a one year low of $133.38 and a one year high of $219.69.
PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. PTC had a return on equity of 23.03% and a net margin of 27.05%.The firm had revenue of $1.76 billion during the quarter. As a group, research analysts predict that PTC Inc. will post 4.46 EPS for the current year.
Institutional Trading of PTC
Several large investors have recently added to or reduced their stakes in PTC. Tudor Investment Corp ET AL raised its holdings in shares of PTC by 7,570.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 316,793 shares of the technology company's stock worth $64,315,000 after acquiring an additional 312,663 shares during the period. Standard Investments LLC grew its holdings in shares of PTC by 10.4% during the 3rd quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company's stock worth $321,990,000 after purchasing an additional 150,000 shares during the period. Swiss Life Asset Management Ltd increased its holdings in PTC by 109.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 62,631 shares of the technology company's stock valued at $12,715,000 after purchasing an additional 32,758 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of PTC by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,368 shares of the technology company's stock valued at $278,000 after buying an additional 131 shares in the last quarter. Finally, Petix & Botte Co acquired a new position in PTC in the 3rd quarter valued at about $203,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PTC has been the subject of several research reports. Wall Street Zen cut shares of PTC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 6th. Robert W. Baird set a $255.00 price target on shares of PTC in a report on Wednesday, October 22nd. Zacks Research downgraded PTC from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of PTC in a report on Monday. Finally, Piper Sandler lowered their target price on PTC from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.92.
Check Out Our Latest Research 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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