PTC Inc (NASDAQ:PTC) saw some unusual options trading on Monday. Stock traders acquired 4,113 put options on the company. This is an increase of approximately 5,776% compared to the typical volume of 70 put options.

In other PTC news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now owns 49,797 shares of the company’s stock, valued at approximately $3,364,783.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corinna Lathan sold 843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $64.48, for a total value of $54,356.64. The disclosure for this sale can be found here. In the last three months, insiders sold 9,593 shares of company stock valued at $664,217. 9.91% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the business. Supplemental Annuity Collective Trust of NJ grew its holdings in shares of PTC by 20.0% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 6,000 shares of the technology company’s stock worth $539,000 after purchasing an additional 1,000 shares during the last quarter. New Jersey Better Educational Savings Trust grew its holdings in shares of PTC by 33.3% in the 2nd quarter. New Jersey Better Educational Savings Trust now owns 4,000 shares of the technology company’s stock worth $359,000 after purchasing an additional 1,000 shares during the last quarter. Arlington Partners LLC bought a new stake in shares of PTC in the 2nd quarter worth about $64,000. Addison Capital Co grew its holdings in shares of PTC by 29.6% in the 2nd quarter. Addison Capital Co now owns 4,430 shares of the technology company’s stock worth $398,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Capital Investment Services of America Inc. grew its holdings in shares of PTC by 1.7% in the 2nd quarter. Capital Investment Services of America Inc. now owns 179,991 shares of the technology company’s stock worth $16,156,000 after purchasing an additional 3,070 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

PTC stock opened at $65.94 on Wednesday. PTC has a fifty-two week low of $62.05 and a fifty-two week high of $102.47. The business’s 50 day moving average price is $65.96 and its two-hundred day moving average price is $79.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 73.27 and a beta of 1.14.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. PTC had a return on equity of 10.44% and a net margin of 2.63%. The firm had revenue of $322.40 million for the quarter, compared to the consensus estimate of $322.42 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts forecast that PTC will post 1.09 earnings per share for the current year.

A number of research firms have commented on PTC. Griffin Securities lowered PTC from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Citigroup lowered their price target on PTC from $89.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Royal Bank of Canada lowered PTC from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $110.00 to $85.00 in a research report on Thursday, July 25th. Finally, Wedbush lowered their price target on PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $90.06.

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.

Read More: Initial Coin Offering (ICO)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.