PTC Inc. (NASDAQ:PTC – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,270,000 shares, a decrease of 18.6% from the June 30th total of 1,560,000 shares. Based on an average daily trading volume, of 765,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the company’s stock are short sold.
Insider Transactions at PTC
In other news, insider Catherine Kniker sold 2,000 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the transaction, the insider now directly owns 10,114 shares in the company, valued at approximately $1,415,960. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Paul A. Lacy sold 2,500 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $150.48, for a total value of $376,200.00. Following the completion of the sale, the director now directly owns 19,136 shares in the company, valued at approximately $2,879,585.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine Kniker sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now owns 10,114 shares of the company’s stock, valued at $1,415,960. The disclosure for this sale can be found here. Insiders sold a total of 224,412 shares of company stock worth $29,329,655 in the last three months. Insiders own 8.26% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. KBC Group NV raised its position in PTC by 32.0% during the second quarter. KBC Group NV now owns 189,974 shares of the technology company’s stock valued at $27,033,000 after purchasing an additional 46,094 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in PTC by 5.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,216 shares of the technology company’s stock valued at $742,000 after purchasing an additional 263 shares in the last quarter. Calamos Advisors LLC raised its position in PTC by 98.2% during the second quarter. Calamos Advisors LLC now owns 144,305 shares of the technology company’s stock valued at $20,535,000 after purchasing an additional 71,498 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in PTC by 8.7% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,618 shares of the technology company’s stock valued at $373,000 after purchasing an additional 209 shares in the last quarter. Finally, Shell Asset Management Co. grew its stake in shares of PTC by 49.9% during the second quarter. Shell Asset Management Co. now owns 14,260 shares of the technology company’s stock worth $2,029,000 after buying an additional 4,749 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and issued a $150.00 target price on shares of PTC in a research note on Thursday. Robert W. Baird boosted their price objective on PTC from $168.00 to $173.00 in a report on Monday, July 17th. Citigroup reduced their price objective on PTC from $147.00 to $140.00 in a report on Monday, April 24th. Rosenblatt Securities boosted their price objective on PTC from $148.00 to $159.00 in a report on Thursday. Finally, Royal Bank of Canada boosted their price objective on PTC from $158.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.46.
PTC Price Performance
Shares of NASDAQ PTC traded up $1.34 during midday trading on Friday, reaching $146.63. The company’s stock had a trading volume of 1,456,312 shares, compared to its average volume of 735,955. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.73. PTC has a fifty-two week low of $101.82 and a fifty-two week high of $152.09. The business’s 50 day moving average price is $139.84 and its two-hundred day moving average price is $131.83. The company has a market cap of $17.36 billion, a P/E ratio of 56.29, a P/E/G ratio of 3.13 and a beta of 1.18.
PTC (NASDAQ:PTC – Get Free Report) last announced its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03. PTC had a net margin of 14.90% and a return on equity of 15.73%. The business had revenue of $542.18 million during the quarter, compared to the consensus estimate of $538.40 million. On average, analysts forecast that PTC will post 3.07 EPS for the current fiscal year.
PTC Company Profile
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.