PTC Inc. (NASDAQ:PTC) Director Robert Schechter sold 1,136 shares of PTC stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $45.02, for a total transaction of $51,142.72. Following the completion of the sale, the director now directly owns 60,035 shares of the company’s stock, valued at approximately $2,702,775.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Robert Schechter also recently made the following trade(s):
- On Friday, July 22nd, Robert Schechter sold 1,248 shares of PTC stock. The shares were sold at an average price of $39.98, for a total transaction of $49,895.04.
PTC Inc. (NASDAQ:PTC) opened at 45.89 on Thursday. The stock’s 50 day moving average is $43.41 and its 200 day moving average is $38.44. PTC Inc. has a 12-month low of $27.06 and a 12-month high of $46.80. The company’s market cap is $5.28 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.05. PTC had a positive return on equity of 16.92% and a negative net margin of 1.60%. The company had revenue of $289.70 million for the quarter, compared to the consensus estimate of $288.77 million. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts forecast that PTC Inc. will post $1.38 earnings per share for the current year.
PTC has been the subject of several analyst reports. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research note on Thursday, September 29th. Citigroup Inc. initiated coverage on shares of PTC in a research note on Monday, August 1st. They issued a “buy” rating and a $48.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of PTC in a research note on Friday, July 15th. Finally, Evercore ISI initiated coverage on shares of PTC in a research note on Wednesday, September 14th. They issued a “buy” rating and a $50.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.70.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTC. US Bancorp DE increased its position in PTC by 1.8% in the second quarter. US Bancorp DE now owns 3,595 shares of the company’s stock worth $136,000 after buying an additional 65 shares during the period. Hsbc Holdings PLC increased its position in PTC by 1.5% in the second quarter. Hsbc Holdings PLC now owns 6,932 shares of the company’s stock worth $261,000 after buying an additional 102 shares during the period. M&T Bank Corp increased its position in PTC by 1.1% in the second quarter. M&T Bank Corp now owns 10,497 shares of the company’s stock worth $394,000 after buying an additional 111 shares during the period. Diversified Trust Co increased its position in PTC by 1.8% in the second quarter. Diversified Trust Co now owns 8,650 shares of the company’s stock worth $325,000 after buying an additional 150 shares during the period. Finally, Utah Retirement Systems increased its position in PTC by 1.0% in the second quarter. Utah Retirement Systems now owns 20,700 shares of the company’s stock worth $778,000 after buying an additional 200 shares during the period. 95.12% of the stock is owned by institutional investors and hedge funds.
PTC Company Profile
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
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