Staats Aaron C. Von Sells 5,373 Shares of PTC Inc. (NASDAQ:PTC) Stock

PTC Inc. (NASDAQ:PTC) EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

PTC Stock Down 0.6 %

Shares of NASDAQ:PTC traded down $1.24 on Tuesday, hitting $198.35. 608,126 shares of the company’s stock were exchanged, compared to its average volume of 800,459. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $202.80. The company has a market capitalization of $23.83 billion, a PE ratio of 64.18, a P/E/G ratio of 2.72 and a beta of 1.16. The firm’s 50-day moving average is $189.25 and its 200 day moving average is $180.67.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PTC shares. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Robert W. Baird upped their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.67.

Hedge Funds Weigh In On PTC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. grew its stake in PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Rothschild Investment LLC acquired a new position in PTC during the second quarter worth approximately $29,000. International Assets Investment Management LLC purchased a new stake in PTC in the second quarter valued at approximately $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of PTC in the second quarter valued at approximately $31,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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.