PTC Inc. (NASDAQ:PTC – Get Free Report) CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PTC Price Performance
Shares of NASDAQ PTC opened at $180.21 on Thursday. PTC Inc. has a 1 year low of $115.44 and a 1 year high of $185.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.76. The company’s 50-day moving average is $172.13 and its 200 day moving average is $154.18. The stock has a market capitalization of $21.54 billion, a P/E ratio of 91.48, a P/E/G ratio of 3.21 and a beta of 1.19.
Hedge Funds Weigh In On PTC
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its holdings in PTC by 108.3% in the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in PTC in the second quarter worth about $25,000. Legacy Financial Group LLC bought a new position in shares of PTC in the third quarter worth approximately $28,000. Clear Street Markets LLC grew its holdings in shares of PTC by 93.5% during the first quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Finally, West Tower Group LLC purchased a new stake in shares of PTC during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.23% of the company’s stock.
Analyst Upgrades and Downgrades
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.
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