PTC Inc (NASDAQ:PTC) Director Robert Schechter sold 5,000 shares of PTC stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $88.14, for a total value of $440,700.00. Following the completion of the transaction, the director now owns 66,007 shares in the company, valued at approximately $5,817,856.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:PTC opened at $86.49 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. PTC Inc has a one year low of $59.40 and a one year high of $107.44. The stock has a market capitalization of $10.26 billion, a P/E ratio of 96.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.54.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. PTC had a return on equity of 11.97% and a net margin of 4.19%. The business had revenue of $312.52 million for the quarter, compared to analysts’ expectations of $322.00 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that PTC Inc will post 1.11 earnings per share for the current year.
PTC has been the topic of a number of recent research reports. BidaskClub upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 14th. Guggenheim initiated coverage on PTC in a research note on Tuesday, August 7th. They set a “buy” rating and a $115.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on PTC to $96.00 in a research note on Friday, October 26th. Finally, Cowen set a $105.00 price objective on PTC and gave the stock a “buy” rating in a research note on Sunday, October 28th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. PTC presently has an average rating of “Buy” and an average target price of $98.63.
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PTC Company Profile
PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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