PTC Inc. (NASDAQ:PTC) Director Corinna Lathan Sells 622 Shares of Stock

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PTC Trading Up 0.8 %

Shares of PTC opened at $161.24 on Thursday. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The company has a market capitalization of $19.40 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The stock has a fifty day moving average of $173.31 and a two-hundred day moving average of $181.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in PTC by 3.3% in the fourth quarter. California State Teachers Retirement System now owns 205,939 shares of the technology company’s stock valued at $37,866,000 after purchasing an additional 6,641 shares during the period. 111 Capital acquired a new position in shares of PTC in the 4th quarter valued at about $686,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of PTC during the 4th quarter worth about $7,077,000. Siemens Fonds Invest GmbH increased its position in PTC by 3,885.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 70,701 shares of the technology company’s stock worth $12,047,000 after purchasing an additional 68,927 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PTC in the fourth quarter valued at approximately $10,724,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

About PTC

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.