Insider Selling: PTC (PTC) EVP Sells 70,000 Shares of Stock

PTC (NASDAQ:PTC) EVP Barry F. Cohen sold 70,000 shares of the firm’s stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $84.13, for a total value of $5,889,100.00. Following the transaction, the executive vice president now owns 58,164 shares in the company, valued at $4,893,337.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PTC stock opened at $82.73 on Friday. PTC has a twelve month low of $51.02 and a twelve month high of $86.49. The stock has a market cap of $9,674.86, a P/E ratio of 111.80, a PEG ratio of 2.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 0.97.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. PTC had a return on equity of 10.04% and a net margin of 3.16%. The business had revenue of $307.88 million for the quarter, compared to the consensus estimate of $302.90 million. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts predict that PTC will post 0.83 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. grew its position in PTC by 2.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,547,683 shares of the technology company’s stock worth $156,077,000 after buying an additional 69,129 shares in the last quarter. OppenheimerFunds Inc. grew its position in PTC by 0.9% during the fourth quarter. OppenheimerFunds Inc. now owns 2,437,662 shares of the technology company’s stock worth $148,135,000 after buying an additional 21,955 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in PTC during the fourth quarter worth about $114,935,000. Allianz Asset Management GmbH grew its position in PTC by 1.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,476,429 shares of the technology company’s stock worth $89,723,000 after buying an additional 16,149 shares in the last quarter. Finally, AXA grew its position in PTC by 25.0% during the fourth quarter. AXA now owns 1,451,610 shares of the technology company’s stock worth $88,214,000 after buying an additional 290,142 shares in the last quarter.

Several equities analysts have weighed in on PTC shares. BidaskClub upgraded PTC from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of PTC in a report on Thursday, January 4th. Evercore ISI reiterated a “buy” rating and issued a $85.00 price objective on shares of PTC in a research note on Thursday, January 18th. Citigroup lifted their price objective on PTC to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Bank of America upgraded PTC from an “underperform” rating to a “neutral” rating and set a $60.00 price objective on the stock in a research note on Thursday, January 18th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. PTC has an average rating of “Buy” and a consensus target price of $80.25.

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.

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

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