PTC (NASDAQ:PTC) Sets New 12-Month High at $156.08

PTC Inc. (NASDAQ:PTC) shares reached a new 52-week high during trading on Monday . The stock traded as high as $156.08 and last traded at $155.41, with a volume of 597237 shares trading hands. The stock had previously closed at $153.94.

Analyst Ratings Changes

Several research firms have recently commented on PTC. Royal Bank of Canada raised their price target on PTC from $158.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Barclays raised their price objective on PTC from $163.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. StockNews.com started coverage on PTC in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Rosenblatt Securities raised their price objective on PTC from $148.00 to $159.00 in a research note on Thursday, July 27th. Finally, KeyCorp raised their price objective on PTC from $160.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.62.

PTC Stock Up 1.0 %

The company has a market cap of $18.48 billion, a price-to-earnings ratio of 75.09, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.68 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $143.13 and its 200-day moving average price is $141.17.

Insider Activity

In other news, COO Michael Ditullio sold 3,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $140.71, for a total value of $422,130.00. Following the completion of the transaction, the chief operating officer now owns 57,764 shares of the company’s stock, valued at approximately $8,127,972.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Michael Ditullio sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $140.71, for a total value of $422,130.00. Following the completion of the transaction, the chief operating officer now directly owns 57,764 shares of the company’s stock, valued at approximately $8,127,972.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 800 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $140.71, for a total transaction of $112,568.00. Following the completion of the transaction, the director now directly owns 7,703 shares of the company’s stock, valued at $1,083,889.13. The disclosure for this sale can be found here. 8.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On PTC

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in PTC during the 2nd quarter worth about $25,000. Clear Street Markets LLC lifted its position in PTC by 93.5% during the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Legacy Financial Group LLC bought a new stake in PTC during the 3rd quarter worth about $28,000. West Tower Group LLC bought a new stake in shares of PTC in the 2nd quarter valued at about $30,000. Finally, Activest Wealth Management bought a new stake in shares of PTC in the 2nd quarter valued at about $40,000. 92.23% of the stock is owned by institutional investors and hedge funds.

PTC Company Profile

PTC Inc operates as software 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 end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.