PTC Inc (NASDAQ: PTC) is 13.19% higher on its value in year-to-date trading and has touched a low of $146.63 and a high of $194.24 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 $189.99 in the last trading session, with the day’s gains setting it 8.05%.
Currently trading at $198.04, the stock is 6.67% and 10.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 4.24% at the moment leaves the stock 10.31% off its SMA200. PTC registered 33.22% gain for a year compared to 6-month loss of 11.05%. The firm has a 50-day simple moving average (SMA 50) of $178.9534 and a 200-day simple moving average (SMA200) of $179.4377.
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The stock witnessed a 11.26% gain in the last 1 month and extending the period to 3 months gives it a 16.21%, and is 5.99% 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 2.04% over the week and 1.83% over the month.
PTC Inc (PTC) has around 7231 employees, a market worth around $23.79B and $2.22B in sales. Current P/E ratio is 80.81 and Fwd P/E is 28.50. Profit margin for the company is 13.32%. Distance from 52-week low is 35.06% and 1.96% from its 52-week high. The company has generated returns on investments over the last 12 months (6.62%).
The EPS is expected to grow by 13.98% this year
944.0 institutions hold shares in PTC Inc (PTC), with institutional investors hold 107.15% of the company’s shares. The shares outstanding are 118.85M, and float is at 118.78M with Short Float at 2.46%. Institutions hold 100.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.08 million shares valued at $2.56 billion. The investor’s holdings represent 11.776 of the PTC Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 14.07 million shares valued at $2.56 billion to account for 11.7622 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.86 million shares representing 11.5906 and valued at over $2.52 billion, while STATE STREET CORP holds 4.1333 of the shares totaling 4.94 million with a market value of $897.99 million.
PTC Inc (PTC) Insider Activity
The most recent transaction is an insider sale by CHAFFIN JANICE, the company’s Director. SEC filings show that CHAFFIN JANICE sold 4,000 shares of the company’s common stock on Sep 12 ’24 at a price of $168.75 per share for a total of $0.67 million. Following the sale, the insider now owns 40137.0 shares.
Still, SEC filings show that on Aug 20 ’24, CHRISTENSON ALICE (Officer) Proposed Sale 590 shares at an average price of $176.08 for $0.1 million. The insider now directly holds shares of PTC Inc (PTC).
