Short Interest in PTC Inc. (NASDAQ:PTC) Drops By 26.7%

PTC Inc. (NASDAQ:PTC - Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,760,000 shares, a decrease of 26.7% from the January 15th total of 2,400,000 shares. Based on an average trading volume of 932,100 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes

PTC has been the subject of a number of research reports. Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and lowered their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $210.09.

Insider Transactions at PTC

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the sale, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock valued at $3,630,716 over the last 90 days. Company insiders own 0.32% of the company's stock.

Institutional Trading of PTC

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in PTC in the 4th quarter worth about $30,000. Covestor Ltd increased its position in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 80 shares during the period. Allworth Financial LP raised its stake in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of PTC in the fourth quarter valued at approximately $51,000. Finally, Assetmark Inc. boosted its holdings in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Down 0.2 %

PTC stock traded down $0.31 during midday trading on Tuesday, reaching $170.79. The stock had a trading volume of 1,245,443 shares, compared to its average volume of 1,131,089. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 52.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. PTC has a 52-week low of $163.30 and a 52-week high of $203.09. The company has a fifty day moving average of $185.53 and a 200 day moving average of $183.41.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, analysts anticipate that PTC will post 4.62 earnings per share for the current fiscal year.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.