PTC Inc (PTC) Insider Sells $7,275,896.40 in Stock

PTC Inc (NASDAQ:PTC) insider James E. Heppelmann sold 85,740 shares of PTC stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $84.86, for a total transaction of $7,275,896.40. Following the sale, the insider now owns 679,391 shares of the company’s stock, valued at approximately $57,653,120.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ PTC opened at $86.46 on Friday. The company has a market cap of $10.41 billion, a P/E ratio of 96.07, a PEG ratio of 2.29 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 2.14 and a debt-to-equity ratio of 0.59. PTC Inc has a 52-week low of $65.48 and a 52-week high of $107.44.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.15. The firm had revenue of $334.96 million during the quarter, compared to analysts’ expectations of $324.70 million. PTC had a net margin of 4.65% and a return on equity of 12.70%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. As a group, equities research analysts predict that PTC Inc will post 1.09 earnings per share for the current year.

PTC has been the subject of several analyst reports. Wedbush lowered their price target on shares of PTC from $108.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, January 24th. BidaskClub cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Barclays reiterated a “buy” rating and set a $104.00 price target on shares of PTC in a research report on Friday, January 25th. Guggenheim set a $100.00 price target on shares of PTC and gave the stock a “buy” rating in a research report on Tuesday, January 22nd. Finally, Deutsche Bank initiated coverage on shares of PTC in a research report on Wednesday, January 16th. They set a “buy” rating and a $115.00 price target for the company. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $101.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in PTC by 8,190.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock valued at $42,000 after purchasing an additional 3,455,607 shares during the period. Allianz Asset Management GmbH grew its holdings in PTC by 8.6% during the third quarter. Allianz Asset Management GmbH now owns 1,672,242 shares of the technology company’s stock valued at $177,575,000 after purchasing an additional 133,078 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in PTC by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,516,888 shares of the technology company’s stock valued at $161,077,000 after purchasing an additional 58,441 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in PTC by 10.8% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,137,142 shares of the technology company’s stock valued at $94,269,000 after purchasing an additional 110,772 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in PTC by 1.8% during the third quarter. Victory Capital Management Inc. now owns 1,049,266 shares of the technology company’s stock valued at $111,422,000 after purchasing an additional 18,880 shares during the period. Hedge funds and other institutional investors own 91.73% of the company’s stock.

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PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

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