PTC (NASDAQ:PTC) PT Lowered to $200.00

PTC (NASDAQ:PTC) had its price target cut by Mizuho from $210.00 to $200.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

PTC has been the subject of a number of other reports. Robert W. Baird reaffirmed an outperform rating and set a $210.00 target price on shares of PTC in a research report on Tuesday, April 2nd. Piper Sandler upped their price objective on shares of PTC from $155.00 to $177.00 and gave the stock a neutral rating in a research note on Tuesday, January 9th. BMO Capital Markets increased their target price on shares of PTC from $195.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 1st. StockNews.com lowered shares of PTC from a buy rating to a hold rating in a report on Saturday, April 27th. Finally, JPMorgan Chase & Co. upgraded shares of PTC from a neutral rating to an overweight rating and increased their price objective for the company from $130.00 to $200.00 in a research note on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $200.64.

PTC Stock Performance

PTC stock opened at $175.77 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32. The company has a market capitalization of $21.01 billion, a PE ratio of 73.54, a P/E/G ratio of 3.14 and a beta of 1.19. The company has a 50 day moving average price of $183.30 and a 200-day moving average price of $171.54. PTC has a fifty-two week low of $124.42 and a fifty-two week high of $194.24.

Insider Activity at PTC

In other news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in PTC. Legacy Financial Group LLC purchased a new position in shares of PTC in the 3rd quarter valued at approximately $28,000. Lindbrook Capital LLC raised its holdings in shares of PTC by 108.3% in the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of PTC during the first quarter worth $34,000. Resources Management Corp CT ADV grew its holdings in shares of PTC by 4,285.7% during the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of PTC in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.