Ptc Inc. (PTC) Files Form 4 Insider Selling : Robert Schechter Sells 1,430 Shares

Ptc Inc. (PTC): Robert Schechter , director of Ptc Inc. sold 1,430 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $36.08 per share for a total value of $51,594.40 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, Anthony Dibona (EVP Global Support) sold 12,500 shares at $36.44 per share price.On Apr 21, 2016, Robert C Gremley (EVP, Technology Platform Group) sold 3,978 shares at $34.00 per share price.Also, On Feb 2, 2016, James E Heppelmann (President and CEO) sold 25,000 shares at $30.04 per share price.On Nov 20, 2015, Staats Aaron C Von (CVP,General Counsel, Secretary) sold 10,000 shares at $36.19 per share price.

Shares of PTC Inc (PTC) ended Friday, Apr 22, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -1.41% at $37.02 with 18,57,776 shares getting traded. Post opening the session at $37.41, the shares hit an intraday low of $36.54 and an intraday high of $37.6556 and the price vacillated in this range throughout the day. The company has a market cap of $4,240 M and the number of outstanding shares has been calculated to be 11,45,31,686 shares. The 52-week high of PTC Inc is $42.75 and the 52-week low is $27.06.

PTC Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PTC Inc is Upgraded by Sterne Agee CRT to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 1, 2016.

PTC Inc. develops and delivers technology solutions comprised of software and services that transform the way customers create and service their products The Company operates in two Software Products which includes license and related support revenue for all its products except training-related products and Services which includes consulting implementation training and license and support revenue for computer-based training products. The Company’s solutions and software products include Computer-Aided Design (CAD) Product Lifecycle Management (PLM) Application Lifecycle Management (ALM) Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses support and services.

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