PTC (NASDAQ:PTC) EVP Kristian Talvitie Sells 2,338 Shares of Stock

PTC Inc. (NASDAQ:PTC) EVP Kristian Talvitie sold 2,338 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.71, for a total value of $408,471.98. Following the transaction, the executive vice president directly owned 62,677 shares of the company’s stock, valued at $10,950,298.67. This represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 5th, Kristian Talvitie sold 2,320 shares of PTC stock. The stock was sold at an average price of $173.34, for a total transaction of $402,148.80.

PTC Stock Up 0.5%

PTC stock opened at $174.41 on Tuesday. The firm has a market cap of $20.83 billion, a PE ratio of 28.41, a P/E/G ratio of 2.11 and a beta of 1.03. PTC Inc. has a 12 month low of $133.38 and a 12 month 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 firm has a 50 day simple moving average of $189.10 and a 200 day simple moving average of $191.91.

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

Institutional Investors Weigh In On PTC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Standard Investments LLC boosted its stake in shares of PTC by 10.4% during the 3rd quarter. Standard Investments LLC now owns 1,586,000 shares of the technology company’s stock valued at $321,990,000 after buying an additional 150,000 shares during the period. Swiss Life Asset Management Ltd boosted its position in PTC by 109.7% during the third quarter. Swiss Life Asset Management Ltd now owns 62,631 shares of the technology company’s stock valued at $12,715,000 after purchasing an additional 32,758 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in PTC by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,368 shares of the technology company’s stock valued at $278,000 after purchasing an additional 131 shares in the last quarter. Petix & Botte Co acquired a new position in PTC in the 3rd quarter worth about $203,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of PTC during the 3rd quarter worth about $3,357,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday. BMO Capital Markets reduced their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Rosenblatt Securities decreased their target price on shares of PTC from $227.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of PTC in a research report on Monday, December 1st. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.92.

About PTC

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.