PTC Inc (NASDAQ: PTC) is 8.42% higher on its value in year-to-date trading and has touched a low of $118.50 and a high of $189.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PTC stock was last observed hovering at around $189.78 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $189.69, the stock is 2.90% and 5.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -0.05% at the moment leaves the stock 21.61% off its SMA200. PTC registered 57.56% gain for a year compared to 6-month gain of 32.75%. The firm has a 50-day simple moving average (SMA 50) of $11.40 and a 200-day simple moving average (SMA200) of $39.92.
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The stock witnessed a 7.40% loss in the last 1 month and extending the period to 3 months gives it a 10.30%, and is 2.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 1.92% over the month.
PTC Inc (PTC) has around 7231 employees, a market worth around $22.68B and $2.18B in sales. Current P/E ratio is 95.83 and Fwd P/E is 31.16. Profit margin for the company is 10.86%. Distance from 52-week low is 60.08% and -0.10% from its 52-week high. The company has generated returns on investments over the last 12 months (4.54%).
PTC Inc quarterly earnings per share for the current quarter are estimated at $1.23 with sales reaching $576.7M over the same period.The EPS is expected to grow by 13.71% this year, but quarterly earnings will post 10.80% year-over-year.
924 institutions hold shares in PTC Inc (PTC), with institutional investors hold 103.16% of the company’s shares. The shares outstanding are 118.85M, and float is at 118.08M with Short Float at 1.73%. Institutions hold 96.86% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.01 million shares valued at $1.85 billion. The investor’s holdings represent 10.95% of the PTC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.15 million shares valued at $1.44 billion to account for 8.54% of the shares outstanding. The other top investors are Pictet Asset Management SA which holds 4.76 million shares representing 4.01% and valued at over $677.73 million, while T. Rowe Price Investment Management, Inc. holds 4.01% of the shares totaling 4.77 million with a market value of $678.5 million.
PTC Inc (PTC) Insider Activity
The most recent transaction is an insider sale by LACY PAUL A, the company’s Director. SEC filings show that LACY PAUL A sold 7,500 shares of the company’s common stock on Mar 01 ’24 at a price of $187.21 per share for a total of $1.4 million. Following the sale, the insider now owns 11037.0 shares.
PTC Inc disclosed in a document filed with the SEC on Feb 12 ’24 that Kniker Catherine (Chief Strategy Officer) sold a total of 1,330 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $179.59 per share for $0.24 million. Following the transaction, the insider now directly holds 13864.0 shares of the PTC stock.
Still, SEC filings show that on Feb 05 ’24, HEPPELMANN JAMES E (CEO) disposed off 35,000 shares at an average price of $177.24 for $6.2 million. The insider now directly holds 968,357 shares of PTC Inc (PTC).
