Staats Aaron C. Von Sells 1,000 Shares of PTC Inc. (NASDAQ:PTC) Stock

PTC Inc. (NASDAQ:PTC) EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PTC Stock Up 1.6 %

Shares of NASDAQ:PTC traded up $2.73 on Friday, reaching $173.15. The company had a trading volume of 737,870 shares, compared to its average volume of 843,695. The stock has a 50-day moving average price of $176.76 and a 200 day moving average price of $180.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The stock has a market capitalization of $20.73 billion, a P/E ratio of 72.18, a P/E/G ratio of 3.30 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares during the period. Wellington Management Group LLP boosted its holdings in shares of PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after acquiring an additional 1,569,081 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of PTC by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock worth $208,600,000 after purchasing an additional 13,468 shares in the last quarter. Impax Asset Management Group plc lifted its position in PTC by 4.4% during the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after purchasing an additional 48,553 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in PTC by 18.4% in the first quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock valued at $201,537,000 after acquiring an additional 166,112 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the subject of a number of recent research reports. Mizuho reiterated a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Rosenblatt Securities boosted their price objective on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup decreased their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Robert W. Baird boosted their price target on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, Piper Sandler lifted their price objective on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average price target of $200.18.

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.