PTC (NASDAQ:PTC) Cut to Hold at StockNews.com

StockNews.com lowered shares of PTC (NASDAQ:PTCGet Rating) from a buy rating to a hold rating in a research note published on Friday.

Other analysts have also issued research reports about the company. Royal Bank of Canada cut their target price on PTC from $165.00 to $150.00 in a research report on Tuesday, January 25th. Zacks Investment Research lowered PTC from a strong-buy rating to a hold rating and set a $129.00 target price on the stock. in a research note on Tuesday, January 4th. JPMorgan Chase & Co. cut shares of PTC from an overweight rating to a neutral rating and reduced their price target for the stock from $175.00 to $138.00 in a research report on Tuesday, December 14th. TheStreet lowered shares of PTC from a b- rating to a c+ rating in a research note on Tuesday, February 8th. Finally, Mizuho cut their target price on shares of PTC from $140.00 to $125.00 in a research note on Thursday, January 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, PTC presently has a consensus rating of Buy and an average price target of $145.11.

Shares of NASDAQ PTC opened at $103.50 on Friday. The firm has a 50-day simple moving average of $109.74 and a 200-day simple moving average of $116.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.31 and a beta of 1.26. PTC has a 52 week low of $100.60 and a 52 week high of $153.73.

PTC (NASDAQ:PTCGet Rating) last released its earnings results on Wednesday, January 26th. The technology company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.03). PTC had a return on equity of 17.89% and a net margin of 27.21%. The business had revenue of $457.72 million during the quarter, compared to analysts’ expectations of $464.88 million. During the same period last year, the business earned $0.58 earnings per share. As a group, equities research analysts expect that PTC will post 3.07 EPS for the current year.

In other news, CEO James E. Heppelmann sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $116.16, for a total value of $580,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 3,741 shares of the stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $116.27, for a total value of $434,966.07. The disclosure for this sale can be found here. Insiders own 10.15% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PTC. Marshall Wace LLP purchased a new stake in PTC in the 3rd quarter valued at about $49,302,000. Prime Capital Investment Advisors LLC purchased a new stake in PTC in the third quarter valued at approximately $1,965,000. Sturgeon Ventures LLP increased its position in PTC by 24.5% during the third quarter. Sturgeon Ventures LLP now owns 44,444 shares of the technology company’s stock worth $5,324,000 after purchasing an additional 8,750 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in PTC by 0.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 62,503 shares of the technology company’s stock worth $7,572,000 after purchasing an additional 531 shares during the period. Finally, Aviva PLC boosted its holdings in shares of PTC by 2.2% in the 3rd quarter. Aviva PLC now owns 492,299 shares of the technology company’s stock valued at $58,973,000 after purchasing an additional 10,742 shares during the last quarter. 92.93% of the stock is currently owned by institutional investors and hedge funds.

About PTC (Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

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