Q4 2024 Earnings Forecast for PTC Inc. (NASDAQ:PTC) Issued By Griffin Securities

PTC Inc. (NASDAQ:PTC) – Equities researchers at Griffin Securities decreased their Q4 2024 earnings per share estimates for PTC in a note issued to investors on Tuesday, May 7th. Griffin Securities analyst J. Vleeschhouwer now expects that the technology company will post earnings per share of $1.22 for the quarter, down from their prior forecast of $1.23. The consensus estimate for PTC’s current full-year earnings is $3.30 per share.

A number of other research analysts have also recently 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. Mizuho decreased their target price 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. Robert W. Baird upped their price target on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Oppenheimer boosted their target price on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets increased their target price on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.64.

PTC Price Performance

Shares of PTC stock opened at $178.33 on Wednesday. The firm has a market capitalization of $21.35 billion, a PE ratio of 74.62, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. PTC has a 12 month low of $128.61 and a 12 month high of $194.24. The business’s 50-day moving average price is $183.03 and its 200-day moving average price is $172.13.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction that occurred 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 sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC raised its holdings in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of PTC during the first quarter valued at $34,000. Resources Management Corp CT ADV increased its holdings in PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after buying an additional 300 shares in the last quarter. Principal Securities Inc. purchased a new position in PTC in the 4th quarter worth about $46,000. Finally, Van ECK Associates Corp lifted its stake in PTC by 26.0% during the 4th quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock valued at $92,000 after acquiring an additional 108 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

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.