PTC Inc. (NASDAQ:PTC) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 5,181,578 shares, a growth of 47.2% from the July 14th total of 3,520,291 shares. Based on an average daily trading volume, of 2,246,659 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.5% of the shares of the stock are sold short.

Shares of PTC (NASDAQ:PTC) opened at 52.54 on Friday. PTC has a one year low of $41.14 and a one year high of $60.22. The firm has a 50-day moving average price of $55.95 and a 200 day moving average price of $54.84. The stock’s market capitalization is $6.07 billion.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. PTC’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities analysts expect that PTC will post $1.20 EPS for the current fiscal year.

In related news, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total transaction of $268,850.00. Following the completion of the sale, the director now directly owns 62,300 shares in the company, valued at $3,349,871. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Barry F. Cohen sold 27,374 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $54.67, for a total value of $1,496,536.58. Following the sale, the executive vice president now owns 79,729 shares of the company’s stock, valued at $4,358,784.43. The disclosure for this sale can be found here. Insiders sold 65,329 shares of company stock valued at $3,588,097 over the last 90 days. Company insiders own 1.11% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PTC. Guggenheim Capital LLC increased its position in PTC by 122.3% in the fourth quarter. Guggenheim Capital LLC now owns 26,804 shares of the technology company’s stock valued at $1,241,000 after buying an additional 14,745 shares during the last quarter. AQR Capital Management LLC increased its position in PTC by 115.2% in the fourth quarter. AQR Capital Management LLC now owns 16,700 shares of the technology company’s stock valued at $773,000 after buying an additional 8,941 shares during the last quarter. Quadrature Capital Ltd bought a new position in PTC during the fourth quarter valued at $362,000. Teachers Advisors LLC increased its position in PTC by 235.8% in the fourth quarter. Teachers Advisors LLC now owns 369,978 shares of the technology company’s stock valued at $17,119,000 after buying an additional 259,801 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its position in PTC by 272.0% in the fourth quarter. Highbridge Capital Management LLC now owns 9,805 shares of the technology company’s stock valued at $454,000 after buying an additional 15,505 shares during the last quarter. 96.40% of the stock is owned by institutional investors.

Several brokerages recently commented on PTC. BidaskClub cut PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Barclays PLC reiterated an “overweight” rating and set a $65.00 price target (down from $67.00) on shares of PTC in a research report on Saturday, July 22nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $68.00 price target on shares of PTC in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) began coverage on PTC in a research report on Monday, July 17th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Pacific Crest boosted their price target on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. PTC currently has an average rating of “Buy” and a consensus target price of $62.25.

ILLEGAL ACTIVITY WARNING: “PTC Inc. (PTC) Short Interest Up 47.2% in July” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/11/ptc-inc-ptc-short-interest-up-47-2-in-july.html.

About PTC

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

Receive News & Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.