PTC Inc. (NASDAQ:PTC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $200.64.

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price target on shares of PTC in a research report on Thursday, February 1st. KeyCorp increased their price target on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Mizuho reduced their price target on shares of PTC from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st.

PTC Stock Down 0.0 %

Shares of NASDAQ PTC opened at $178.33 on Thursday. PTC has a one year low of $128.61 and a one year high of $194.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 1.19. The firm’s 50 day simple moving average is $183.03 and its two-hundred day simple moving average is $172.13. The stock has a market capitalization of $21.35 billion, a P/E ratio of 74.62, a PEG ratio of 3.48 and a beta of 1.19.

Insider Buying and Selling

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

Institutional Trading of PTC

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares during the last quarter. Twin Focus Capital Partners LLC purchased a new position in shares of PTC in the 4th quarter worth about $177,081,000. Vanguard Group Inc. raised its position in shares of PTC by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. Norges Bank purchased a new position in shares of PTC in the 4th quarter worth about $114,043,000. Finally, Balyasny Asset Management L.P. raised its position in shares of PTC by 173.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after purchasing an additional 344,853 shares during the last quarter. Institutional investors 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.