PTC Inc. (NASDAQ:PTC) EVP Sells $429,984.52 in Stock

Key Points

• PTC Inc. reported an executive vice president, Staats Aaron C. Von, sold 1,988 shares at an average price of $216.29, resulting in a total transaction of approximately $429,984.52.
• The company beat earnings estimates with an EPS of $1.64 and revenue of $643.94 million, reflecting a 24.2% year-over-year growth.
• Recent analyst ratings have varied, with Oppenheimer raising its price target to $240.00 while others have lowered ratings; overall, PTC has an average target price of $202.14.

PTC Inc. (NASDAQ:PTC - Get Free Report) EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PTC Trading Down 0.4%

PTC stock traded down $0.73 during midday trading on Friday, hitting $205.42. The stock had a trading volume of 756,388 shares, compared to its average volume of 1,186,448. The firm has a market cap of $24.61 billion, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The business has a fifty day moving average price of $185.58 and a two-hundred day moving average price of $170.61.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PTC

Several hedge funds and other institutional investors have recently bought and sold shares of PTC. LPL Financial LLC increased its stake in PTC by 14.6% in the fourth quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock valued at $3,294,000 after purchasing an additional 2,285 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in PTC by 20.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,690 shares of the technology company's stock valued at $862,000 after purchasing an additional 789 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in PTC in the fourth quarter valued at $7,217,000. Dynamic Technology Lab Private Ltd bought a new stake in PTC in the fourth quarter valued at $530,000. Finally, Russell Investments Group Ltd. increased its stake in PTC by 16.0% in the fourth quarter. Russell Investments Group Ltd. now owns 61,416 shares of the technology company's stock valued at $11,291,000 after purchasing an additional 8,474 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on PTC. Robert W. Baird lifted their target price on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Mizuho cut their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Royal Bank Of Canada lifted their target price on shares of PTC from $224.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average target price of $202.14.

PTC Company Profile

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.