PTC Inc. (NASDAQ:PTC – Get Rating) insider Catherine Kniker sold 2,611 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total transaction of $340,526.62. Following the sale, the insider now owns 10,472 shares in the company, valued at $1,365,758.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
PTC Stock Performance
Shares of PTC opened at $123.30 on Friday. The company has a market cap of $14.48 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.16. The firm has a 50-day moving average of $115.02 and a 200-day moving average of $113.56. PTC Inc. has a one year low of $96.55 and a one year high of $133.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.35 and a quick ratio of 1.23.
Wall Street Analyst Weigh In
Several research firms have issued reports on PTC. Royal Bank of Canada lifted their price target on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Mizuho boosted their target price on PTC from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Citigroup raised their price target on shares of PTC to $135.00 in a research note on Tuesday, November 15th. Wolfe Research began coverage on shares of PTC in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Rosenblatt Securities decreased their target price on shares of PTC from $146.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.88.
Institutional Investors Weigh In On PTC
PTC Company Profile
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.
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