PTC Inc (NASDAQ:PTC) Director Phillip M. Fernandez Sells 250 Shares of Stock

PTC Inc (NASDAQ:PTC) Director Phillip M. Fernandez sold 250 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $89.33, for a total value of $22,332.50. Following the completion of the transaction, the director now directly owns 21,775 shares of the company’s stock, valued at $1,945,160.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:PTC traded down $1.15 during trading hours on Thursday, reaching $88.48. The stock had a trading volume of 563,200 shares, compared to its average volume of 1,098,691. The business’s 50 day moving average is $88.34. PTC Inc has a 1 year low of $76.67 and a 1 year high of $107.44. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market cap of $10.30 billion, a PE ratio of 99.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. PTC had a net margin of 3.06% and a return on equity of 11.68%. The business had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. During the same quarter in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that PTC Inc will post 1.05 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of PTC. Riverview Trust Co acquired a new stake in PTC in the fourth quarter worth about $31,000. Pearl River Capital LLC acquired a new stake in PTC in the 4th quarter valued at about $58,000. Arlington Partners LLC acquired a new stake in PTC in the 2nd quarter valued at about $64,000. First Manhattan Co. acquired a new stake in PTC in the 1st quarter valued at about $92,000. Finally, Manchester Capital Management LLC acquired a new stake in PTC in the 1st quarter valued at about $115,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.

Several research firms have weighed in on PTC. Mizuho set a $75.00 price objective on Starbucks and gave the company a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Thursday. KeyCorp raised their target price on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI reissued a “hold” rating and set a $70.00 price objective on shares of Akamai Technologies in a report on Thursday, June 13th. Finally, ValuEngine downgraded shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. PTC has a consensus rating of “Buy” and an average target price of $102.07.

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.

Recommended Story: The basics of gap trading strategies

Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.