Insider Selling: PTC Inc. (NASDAQ:PTC) CAO Sells $329,019.60 in Stock

PTC Inc. (NASDAQ:PTC) CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PTC Stock Performance

Shares of PTC stock opened at $197.64 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. The company’s fifty day moving average price is $184.36 and its two-hundred day moving average price is $179.29. The firm has a market capitalization of $23.74 billion, a P/E ratio of 63.55, a P/E/G ratio of 2.68 and a beta of 1.17. PTC Inc. has a 12 month low of $153.11 and a 12 month high of $199.48.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird boosted their price objective 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. Piper Sandler increased their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in PTC by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 61 shares in the last quarter. Diversified Trust Co grew its position in shares of PTC by 2.9% during 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 in the last quarter. First Horizon Advisors Inc. increased 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 worth $26,000 after buying an additional 62 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after acquiring an additional 66 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.