PTC Inc. (NASDAQ:PTC) Director Robert Schechter sold 1,136 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $45.02, for a total value of $51,142.72. Following the completion of the sale, the director now directly owns 60,035 shares in the company, valued at $2,702,775.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert Schechter also recently made the following trade(s):
- On Friday, July 22nd, Robert Schechter sold 1,248 shares of PTC stock. The stock was sold at an average price of $39.98, for a total value of $49,895.04.
Shares of PTC Inc. (NASDAQ:PTC) opened at 45.44 on Wednesday. PTC Inc. has a 12-month low of $27.06 and a 12-month high of $46.80. The company’s market capitalization is $5.22 billion. The firm has a 50-day moving average price of $43.28 and a 200 day moving average price of $38.38.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.05. PTC had a negative net margin of 1.60% and a positive return on equity of 16.92%. The company earned $289.70 million during the quarter, compared to analysts’ expectations of $288.77 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts predict that PTC Inc. will post $1.38 earnings per share for the current year.
Several equities research analysts recently weighed in on PTC shares. Zacks Investment Research raised PTC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Citigroup Inc. started coverage on PTC in a research note on Monday, August 1st. They issued a “buy” rating and a $48.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price target on shares of PTC in a research note on Friday, July 15th. Finally, Evercore ISI started coverage on PTC in a research note on Wednesday, September 14th. They issued a “buy” rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. PTC has a consensus rating of “Buy” and a consensus price target of $41.70.
Several hedge funds have recently bought and sold shares of PTC. Clovis Capital Management LP boosted its stake in PTC by 49.0% in the first quarter. Clovis Capital Management LP now owns 425,636 shares of the company’s stock worth $14,114,000 after buying an additional 140,047 shares during the last quarter. M&T Bank Corp boosted its stake in PTC by 18.3% in the first quarter. M&T Bank Corp now owns 10,386 shares of the company’s stock worth $345,000 after buying an additional 1,604 shares during the last quarter. Royce & Associates LP boosted its stake in PTC by 35.5% in the first quarter. Royce & Associates LP now owns 1,589,100 shares of the company’s stock worth $52,695,000 after buying an additional 416,000 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in PTC by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 320,417 shares of the company’s stock worth $10,625,000 after buying an additional 30,658 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in PTC by 1.2% in the first quarter. Champlain Investment Partners LLC now owns 1,547,500 shares of the company’s stock worth $51,315,000 after buying an additional 18,950 shares during the last quarter. 95.12% of the stock is owned by hedge funds and other institutional investors.
PTC Company Profile
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
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