PTC (NASDAQ:PTC) Stock Sold Rep. April McClain Delaney

Representative April McClain Delaney (D-Maryland) recently sold shares of PTC Inc. NASDAQ: PTC. In a filing disclosed on May 02nd, the Representative disclosed that they had sold between $1,001 and $15,000 in PTC stock on April 1st.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/24/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/16/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of IDEXX Laboratories NASDAQ: IDXX on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/9/2025.

PTC Price Performance

Shares of NASDAQ:PTC opened at $161.33 on Tuesday. The stock's 50 day moving average is $153.48 and its 200-day moving average is $175.08. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same period last year, the firm earned $1.46 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares during the period. JPMorgan Chase & Co. boosted its holdings in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after buying an additional 135,677 shares during the period. Oak Thistle LLC bought a new stake in PTC during the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC bought a new stake in PTC during the 4th quarter valued at $8,858,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of PTC in the fourth quarter worth $223,000. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. KeyCorp cut their target price on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Robert W. Baird lifted their target price on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $187.15.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.

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