PTC Inc. (NASDAQ:PTC) Insider Catherine Kniker Sells 107 Shares of Stock

Posted by MarketBeat News on Aug 2nd, 2022

PTC Inc. (NASDAQ:PTC – Get Rating) insider Catherine Kniker sold 107 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $122.32, for a total transaction of $13,088.24. Following the completion of the transaction, the insider now directly owns 6,456 shares in the company, valued at approximately $789,697.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Catherine Kniker also recently made the following trade(s):

On Friday, July 29th, Catherine Kniker sold 124 shares of PTC stock. The stock was sold at an average price of $125.50, for a total transaction of $15,562.00.

PTC Trading Down 1.0 %

Shares of PTC opened at $122.19 on Tuesday. The stock has a market capitalization of $14.29 billion, a P/E ratio of 29.02, a PEG ratio of 2.83 and a beta of 1.16. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $109.99 and a two-hundred day simple moving average of $109.53. PTC Inc. has a twelve month low of $96.55 and a twelve month high of $137.67.

PTC (NASDAQ:PTC – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The business had revenue of $462.47 million during the quarter, compared to analysts’ expectations of $473.65 million. PTC had a net margin of 26.19% and a return on equity of 18.13%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. On average, research analysts anticipate that PTC Inc. will post 3.43 EPS for the current year.

Institutional Investors Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in PTC. Sageworth Trust Co of South Dakota bought a new position in PTC in the 4th quarter worth $26,000. NuWave Investment Management LLC bought a new position in PTC in the 1st quarter worth $26,000. Crewe Advisors LLC bought a new position in PTC in the 4th quarter worth $35,000. Dupont Capital Management Corp bought a new position in PTC in the 2nd quarter worth $41,000. Finally, Cyrus J. Lawrence LLC bought a new position in PTC in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 86.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PTC shares. Royal Bank of Canada reissued a “maintains” rating on shares of PTC in a report on Thursday, July 28th. TheStreet raised shares of PTC from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Robert W. Baird decreased their price target on shares of PTC from $160.00 to $153.00 in a report on Thursday, July 21st. Mizuho upped their price objective on shares of PTC from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $137.63.

PTC Company Profile

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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.