PTC Inc. (NASDAQ:PTC) Given Consensus Recommendation of “Buy” by Analysts

Shares of PTC Inc. (NASDAQ:PTCGet Rating) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $145.11.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on PTC from $165.00 to $150.00 in a research report on Tuesday, January 25th. TheStreet lowered PTC from a “b-” rating to a “c+” rating in a research report on Tuesday, February 8th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup lowered their price target on PTC from $140.00 to $125.00 in a research report on Tuesday, January 25th. Finally, Zacks Investment Research lowered PTC from a “strong-buy” rating to a “hold” rating and set a $129.00 price target for the company. in a research report on Tuesday, January 4th.

In other news, CEO James E. Heppelmann sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $116.16, for a total transaction of $580,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 3,741 shares of the company’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $116.27, for a total transaction of $434,966.07. The disclosure for this sale can be found here. 10.15% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Sageworth Trust Co of South Dakota bought a new position in shares of PTC during the 4th quarter valued at approximately $26,000. NuWave Investment Management LLC bought a new position in shares of PTC during the 1st quarter valued at approximately $26,000. Stephens Inc. AR grew its stake in shares of PTC by 121.0% during the 3rd quarter. Stephens Inc. AR now owns 274 shares of the technology company’s stock valued at $33,000 after acquiring an additional 150 shares during the period. Crewe Advisors LLC bought a new position in shares of PTC during the 4th quarter valued at approximately $35,000. Finally, FourThought Financial LLC bought a new position in shares of PTC during the 4th quarter valued at approximately $38,000. Institutional investors own 92.93% of the company’s stock.

Shares of PTC stock opened at $99.92 on Wednesday. PTC has a 12 month low of $97.00 and a 12 month high of $153.73. The stock has a market cap of $11.78 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 3.16 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average price is $107.51 and its 200-day moving average price is $115.09.

PTC (NASDAQ:PTCGet Rating) last announced its earnings results on Wednesday, January 26th. The technology company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.03). The business had revenue of $457.72 million for the quarter, compared to the consensus estimate of $464.88 million. PTC had a net margin of 27.21% and a return on equity of 17.89%. During the same quarter last year, the firm posted $0.58 EPS. On average, sell-side analysts forecast that PTC will post 3.07 earnings per share for the current fiscal year.

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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Analyst Recommendations for PTC (NASDAQ:PTC)

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