PTC Inc. (NASDAQ:PTC) Director Corinna Lathan Sells 860 Shares

PTC Inc. (NASDAQ:PTC) Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

PTC Price Performance

PTC stock opened at $199.01 on Friday. PTC Inc. has a 52 week low of $153.44 and a 52 week high of $201.66. The company’s 50 day moving average price is $186.24 and its two-hundred day moving average price is $179.84. The stock has a market cap of $23.91 billion, a P/E ratio of 63.99, a P/E/G ratio of 2.69 and a beta of 1.17. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

Institutional Trading of PTC

A number of hedge funds have recently bought and sold shares of PTC. Oregon Public Employees Retirement Fund increased its stake in shares of PTC by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 61 shares during the last quarter. Diversified Trust Co increased its position in PTC by 2.9% in the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after buying an additional 62 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares during the period. IFM Investors Pty Ltd lifted its position in shares of PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 73 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PTC. Piper Sandler raised their target price on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.83.

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.