PTC Inc. (NASDAQ:PTC – Get Rating) Director Blake D. Moret sold 58,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $123.86, for a total value of $7,183,880.00. Following the completion of the transaction, the director now directly owns 8,598,644 shares in the company, valued at $1,065,028,045.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
PTC Stock Down 0.6 %
NASDAQ:PTC opened at $124.18 on Friday. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16. PTC Inc. has a one year low of $96.55 and a one year high of $133.14. The stock has a 50-day simple moving average of $115.55 and a 200 day simple moving average of $113.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.35.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Royal Bank of Canada increased their price target on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Barclays increased their price target on PTC from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. Wolfe Research assumed coverage on PTC in a report on Tuesday, August 16th. They issued an “outperform” rating and a $155.00 price target for the company. Citigroup increased their price target on PTC to $135.00 in a report on Tuesday, November 15th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $142.88.
Hedge Funds Weigh In On PTC
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.
- Get a free copy of the StockNews.com research report on PTC (PTC)
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