PTC Inc (NASDAQ:PTC) saw unusually large options trading activity on Thursday. Traders purchased 4,069 call options on the company. This is an increase of 2,687% compared to the average daily volume of 146 call options.

Shares of PTC (NASDAQ:PTC) traded down $0.83 during midday trading on Monday, hitting $72.67. 512,769 shares of the stock were exchanged, compared to its average volume of 1,185,219. The stock has a market capitalization of $8,500.00, a PE ratio of 302.79, a PEG ratio of 2.63 and a beta of 1.34. PTC has a 1 year low of $50.68 and a 1 year high of $74.88. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 0.84.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $306.44 million during the quarter, compared to analysts’ expectations of $300.17 million. PTC had a net margin of 2.47% and a return on equity of 9.29%. PTC’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. sell-side analysts expect that PTC will post 0.78 earnings per share for the current fiscal year.

In other PTC news, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $1,614,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Staats Aaron C. Von sold 9,947 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $64.67, for a total transaction of $643,272.49. The disclosure for this sale can be found here. Insiders have sold a total of 57,388 shares of company stock valued at $3,768,236 over the last ninety days. 1.19% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC bought a new stake in shares of PTC in the 3rd quarter worth about $109,000. Stephens Inc. AR bought a new stake in PTC during the 2nd quarter valued at about $126,000. Cerebellum GP LLC bought a new stake in PTC during the 4th quarter valued at about $128,000. Advisor Group Inc. lifted its holdings in PTC by 7.4% during the 2nd quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock valued at $150,000 after buying an additional 186 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in PTC by 85.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock valued at $165,000 after buying an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.

A number of equities research analysts have weighed in on PTC shares. Evercore ISI set a $75.00 price objective on shares of PTC and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $65.00 target price on shares of PTC and gave the stock a “buy” rating in a research note on Friday, October 6th. Wedbush reiterated an “outperform” rating and issued a $57.00 target price on shares of PTC in a research note on Thursday, October 5th. Barclays increased their price objective on shares of PTC from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, BidaskClub downgraded shares of PTC from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.81.

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About PTC

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.

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