PTC Inc. (NASDAQ:PTC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PTC Inc. (NASDAQ:PTCGet Rating) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $139.75.

Several research analysts have recently commented on the company. Robert W. Baird decreased their target price on PTC from $160.00 to $153.00 in a research report on Thursday, July 21st. Wolfe Research started coverage on shares of PTC in a report on Tuesday, August 16th. They set an “outperform” rating and a $155.00 target price on the stock. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Rosenblatt Securities dropped their price objective on shares of PTC from $156.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. Finally, Citigroup lifted their target price on PTC from $116.00 to $124.00 in a research note on Thursday, July 28th.

PTC Stock Down 0.1 %

PTC stock opened at $114.90 on Friday. The company has a market capitalization of $13.50 billion, a P/E ratio of 27.29, a PEG ratio of 2.82 and a beta of 1.17. The firm has a 50 day simple moving average of $115.89 and a 200-day simple moving average of $110.72. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. PTC has a twelve month low of $96.55 and a twelve month high of $136.00.

PTC (NASDAQ:PTCGet Rating) last released its earnings results on Wednesday, July 27th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $462.47 million during the quarter, compared to the consensus estimate of $473.65 million. PTC had a net margin of 26.19% and a return on equity of 18.13%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, equities research analysts predict that PTC will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $124.68, for a total value of $997,440.00. Following the completion of the transaction, the director now owns 10,012,234 shares in the company, valued at approximately $1,248,325,335.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James E. Heppelmann sold 5,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $122.52, for a total value of $612,600.00. Following the sale, the chief executive officer now owns 799,512 shares of the company’s stock, valued at approximately $97,956,210.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Blake D. Moret sold 8,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $124.68, for a total value of $997,440.00. Following the transaction, the director now directly owns 10,012,234 shares of the company’s stock, valued at approximately $1,248,325,335.12. The disclosure for this sale can be found here. Insiders have sold 272,100 shares of company stock valued at $32,925,130 in the last quarter. Corporate insiders own 10.15% of the company’s stock.

Institutional Investors Weigh In On PTC

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of PTC by 14.6% during the 2nd quarter. CWM LLC now owns 681 shares of the technology company’s stock worth $72,000 after acquiring an additional 87 shares in the last quarter. Comerica Bank increased its stake in PTC by 0.8% in the 1st quarter. Comerica Bank now owns 13,724 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 106 shares in the last quarter. Verition Fund Management LLC raised its holdings in PTC by 3.2% during the 1st quarter. Verition Fund Management LLC now owns 3,505 shares of the technology company’s stock worth $378,000 after buying an additional 109 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in PTC by 4.5% during the second quarter. O Shaughnessy Asset Management LLC now owns 2,625 shares of the technology company’s stock valued at $279,000 after buying an additional 114 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of PTC by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,791 shares of the technology company’s stock worth $297,000 after buying an additional 115 shares during the period. 94.84% of the stock is owned by institutional investors and hedge funds.

PTC Company Profile

(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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