PTC Inc. (NASDAQ:PTC – Get Rating) Director Blake D. Moret sold 58,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $123.86, for a total transaction of $7,183,880.00. Following the sale, the director now owns 8,598,644 shares of the company’s stock, valued at $1,065,028,045.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
PTC Stock Performance
Shares of NASDAQ PTC opened at $124.18 on Thursday. The firm’s 50-day moving average price is $115.36 and its 200-day moving average price is $113.78. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.59. The company has a market cap of $14.59 billion, a PE ratio of 46.86, a PEG ratio of 2.82 and a beta of 1.16. PTC Inc. has a 52-week low of $96.55 and a 52-week high of $133.14.
Wall Street Analysts Forecast Growth
PTC has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of PTC in a research note on Tuesday, August 16th. They set an “outperform” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of PTC in a research note on Friday, September 16th. They set a “neutral” rating and a $128.00 price objective for the company. Robert W. Baird reduced their price objective on shares of PTC from $153.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, October 24th. Mizuho raised their price target on shares of PTC from $135.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 18th. Finally, Citigroup raised their price target on shares of PTC to $135.00 in a report on Tuesday, November 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus price target of $142.88.
Hedge Funds Weigh In On PTC
PTC Company Profile
PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.
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