PTC (NASDAQ:PTC) EVP Kristian Talvitie Sells 2,320 Shares

PTC Inc. (NASDAQ:PTC) EVP Kristian Talvitie sold 2,320 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $173.34, for a total transaction of $402,148.80. Following the transaction, the executive vice president directly owned 65,015 shares in the company, valued at $11,269,700.10. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kristian Talvitie also recently made the following trade(s):

• On Monday, December 8th, Kristian Talvitie sold 2,338 shares of PTC stock. The shares were sold at an average price of $174.71, for a total value of $408,471.98.

PTC Trading Up 0.5%

Shares of NASDAQ:PTC opened at $174.41 on Tuesday. The business’s 50 day simple moving average is $189.10 and its 200 day simple moving average is $191.91. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $20.83 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.11 and a beta of 1.03.

PTC (NASDAQ:PTC) last released its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. The firm had revenue of $1.76 billion during the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PTC shares. Rosenblatt Securities reduced their price objective on shares of PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Robert W. Baird set a $255.00 price target on shares of PTC in a research report on Wednesday, October 22nd. Zacks Research cut PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. BMO Capital Markets decreased their price target on PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Wall Street Zen cut PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.92.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in shares of PTC in the 3rd quarter valued at $30,000. SJS Investment Consulting Inc. increased its holdings in PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after purchasing an additional 158 shares in the last quarter. Versant Capital Management Inc raised its position in PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after purchasing an additional 53 shares during the last quarter. Quarry LP raised its position in PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of PTC during the first quarter valued at about $39,000. 95.14% of the stock is currently 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 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.