PTC EVP Anthony Dibona Sells 5,465 Shares (PTC)
PTC (NASDAQ:PTC) EVP Anthony Dibona unloaded 5,465 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $36.29, for a total transaction of $198,324.85. Following the completion of the transaction, the executive vice president now directly owns 35,931 shares of the company’s stock, valued at approximately $1,303,936. The transaction was disclosed in a filing with the SEC, which is available at this link.
PTC (NASDAQ:PTC) traded up 3.50% during mid-day trading on Tuesday, hitting $37.90. 1,801,384 shares of the company’s stock traded hands. PTC has a 52-week low of $26.03 and a 52-week high of $40.40. The stock has a 50-day moving average of $37.90 and a 200-day moving average of $36.76. The company has a market cap of $4.485 billion and a price-to-earnings ratio of 24.73.
PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.03. The company had revenue of $337.00 million for the quarter, compared to the consensus estimate of $332.50 million. PTC’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that PTC will post $2.12 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PTC in a research note on Thursday, July 24th. They now have a $44.00 price target on the stock, up previously from $41.00. Separately, analysts at Barclays initiated coverage on shares of PTC in a research note on Thursday, July 10th. They set an “overweight” rating and a $45.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of PTC from $42.00 to $45.00 in a research note on Wednesday, May 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.82.
PTC Inc develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products.
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