PTC Inc. (NASDAQ:PTC) CFO Kristian Talvitie Sells 10,306 Shares

PTC Inc. (NASDAQ:PTC) CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

PTC Trading Up 0.4 %

NASDAQ:PTC opened at $200.20 on Wednesday. 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 stock has a market capitalization of $24.05 billion, a PE ratio of 64.37, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16. The firm’s 50 day moving average is $187.60 and its 200 day moving average is $180.18. PTC Inc. has a 12 month low of $157.72 and a 12 month high of $201.66.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank of Canada lifted their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Piper Sandler lifted their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average price target of $205.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTC. First Horizon Advisors Inc. grew its stake in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Blue Trust Inc. grew its stake in PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after buying an additional 122 shares in the last quarter. Rothschild Investment LLC purchased a new position in PTC in the 2nd quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC during the 2nd quarter valued at $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of PTC during the 2nd quarter valued at $31,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.