Corinna Lathan Sells 860 Shares of PTC Inc. (NASDAQ:PTC) Stock

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

PTC Trading Down 0.1 %

NASDAQ PTC opened at $199.01 on Friday. PTC Inc. has a 12 month low of $153.44 and a 12 month high of $201.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $23.91 billion, a PE ratio of 63.99, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The business’s 50-day moving average price is $186.24 and its two-hundred day moving average price is $179.84.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PTC. Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and cut their target price for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.83.

Institutional Trading of PTC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after purchasing an additional 5,717 shares during the last quarter. Swedbank AB acquired a new position in PTC in the first quarter valued at $9,849,000. Mirabella Financial Services LLP boosted its position in PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after acquiring an additional 17,465 shares during the last quarter. KBC Group NV grew its holdings in PTC by 2.1% during the 3rd quarter. KBC Group NV now owns 228,386 shares of the technology company’s stock worth $41,260,000 after acquiring an additional 4,712 shares during the period. Finally, Citigroup Inc. raised its position in shares of PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after acquiring an additional 32,984 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.