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Traders Buy High Volume of PTC Put Options (PTC)

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PTC Inc (NASDAQ:PTC) saw unusually large options trading on Thursday. Traders acquired 997 put options on the company. This is an increase of approximately 1,562% compared to the typical volume of 60 put options.

In related news, Director Robert Schechter sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $88.14, for a total value of $440,700.00. Following the completion of the transaction, the director now owns 66,007 shares of the company’s stock, valued at $5,817,856.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, EVP Barry F. Cohen sold 47,194 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $84.94, for a total value of $4,008,658.36. Following the completion of the transaction, the executive vice president now directly owns 55,002 shares of the company’s stock, valued at approximately $4,671,869.88. The disclosure for this sale can be found here . Insiders have sold 148,231 shares of company stock valued at $12,772,908 in the last three months. Insiders own 1.19% of the company’s stock. Get PTC alerts:

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. bought a new stake in shares of PTC during the third quarter worth about $116,000. Qube Research & Technologies Ltd bought a new stake in shares of PTC during the second quarter worth about $134,000. Almanack Investment Partners LLC. bought a new stake in shares of PTC during the second quarter worth about $150,000. Private Advisor Group LLC bought a new stake in shares of PTC during the third quarter worth about $202,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of PTC during the third quarter worth about $221,000. 91.38% of the stock is owned by hedge funds and other institutional investors. Shares of NASDAQ PTC opened at $86.41 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 96.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34. PTC has a 12 month low of $65.03 and a 12 month high of $107.44.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $312.52 million during the quarter, compared to the consensus estimate of $322.00 million. PTC had a return on equity of 11.97% and a net margin of 4.19%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, sell-side analysts predict that PTC will post 1.05 earnings per share for the current year.

A number of research analysts recently commented on PTC shares. JPMorgan Chase & Co. dropped their price target on PTC to $96.00 in a research note on Friday, October 26th. Stifel Nicolaus started coverage on PTC in a research note on Tuesday, December 18th. They issued a “buy” rating and a $105.00 price target for the company. Cowen set a $105.00 price target on PTC and gave the company a “buy” rating in a research note on Sunday, October 28th. Finally, BidaskClub downgraded PTC from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.00.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications. PTC PTC