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.
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.
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.
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