PTC Inc (NASDAQ:PTC) saw unusually large options trading activity on Thursday. Stock traders purchased 1,241 call options on the company. This represents an increase of approximately 1,220% compared to the typical volume of 94 call options.
PTC (NASDAQ PTC) opened at $60.00 on Friday. PTC has a 12 month low of $45.86 and a 12 month high of $67.12. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6,960.00, a price-to-earnings ratio of 1,500.00 and a beta of 1.33.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). PTC had a net margin of 0.54% and a return on equity of 8.08%. The firm had revenue of $306.38 million during the quarter, compared to analyst estimates of $306.59 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts anticipate that PTC will post 0.81 earnings per share for the current fiscal year.
In other PTC news, VP Staats Aaron C. Von sold 9,947 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $64.67, for a total value of $643,272.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony Dibona sold 10,929 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $65.25, for a total transaction of $713,117.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,924 shares of company stock valued at $3,627,304. Insiders own 1.11% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in PTC by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,349,753 shares of the technology company’s stock worth $515,359,000 after purchasing an additional 161,122 shares during the last quarter. FMR LLC grew its position in PTC by 31.1% in the 2nd quarter. FMR LLC now owns 6,753,178 shares of the technology company’s stock worth $372,235,000 after purchasing an additional 1,602,999 shares during the last quarter. Epoch Investment Partners Inc. grew its position in PTC by 7.8% in the 3rd quarter. Epoch Investment Partners Inc. now owns 4,657,693 shares of the technology company’s stock worth $262,135,000 after purchasing an additional 337,109 shares during the last quarter. OZ Management LP acquired a new stake in PTC in the 3rd quarter worth $187,542,000. Finally, State Street Corp grew its position in PTC by 2.1% in the 2nd quarter. State Street Corp now owns 3,005,066 shares of the technology company’s stock worth $165,643,000 after purchasing an additional 60,498 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Evercore ISI set a $65.00 price target on shares of PTC and gave the company a “buy” rating in a report on Thursday, October 19th. BidaskClub downgraded shares of PTC from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Royal Bank of Canada restated a “buy” rating and set a $65.00 price target on shares of PTC in a report on Monday, September 4th. Bank of America assumed coverage on shares of PTC in a report on Monday, November 6th. They set an “underperform” rating and a $60.00 price target on the stock. Finally, Robert W. Baird set a $65.00 price target on shares of PTC and gave the company a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.13.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.