PTC (NASDAQ:PTC) Given “Neutral” Rating at Mizuho

Mizuho reiterated their neutral rating on shares of PTC (NASDAQ:PTCFree Report) in a report published on Tuesday, MarketBeat Ratings reports. Mizuho currently has a $190.00 price target on the technology company’s stock, down from their previous price target of $200.00.

A number of other research analysts have also issued reports on PTC. Rosenblatt Securities reaffirmed a buy rating and set a $195.00 target price on shares of PTC in a report on Friday, April 12th. StockNews.com raised PTC from a hold rating to a buy rating in a report on Wednesday, May 15th. Citigroup decreased their target price on PTC from $195.00 to $187.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Barclays increased their price target on PTC from $198.00 to $215.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Finally, Robert W. Baird boosted their price objective on PTC from $210.00 to $216.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $199.73.

Check Out Our Latest Stock Analysis on PTC

PTC Stock Down 1.5 %

Shares of PTC stock opened at $171.47 on Tuesday. PTC has a 1-year low of $134.61 and a 1-year high of $194.24. The company has a market capitalization of $20.52 billion, a P/E ratio of 71.75, a PEG ratio of 3.31 and a beta of 1.18. The business’s fifty day moving average price is $180.76 and its two-hundred day moving average price is $176.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76.

PTC (NASDAQ:PTCGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The company had revenue of $603.07 million during the quarter, compared to analyst estimates of $575.53 million. As a group, research analysts forecast that PTC will post 3.48 EPS for the current year.

Insiders Place Their Bets

In related news, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the transaction, the chief operating officer now directly owns 53,148 shares in the company, valued at $9,734,056.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in shares of PTC by 14.6% during the 3rd quarter. Victory Capital Management Inc. now owns 73,452 shares of the technology company’s stock worth $10,407,000 after acquiring an additional 9,381 shares during the period. Amalgamated Bank raised its holdings in shares of PTC by 19.1% in the 3rd quarter. Amalgamated Bank now owns 43,856 shares of the technology company’s stock worth $6,214,000 after buying an additional 7,030 shares in the last quarter. PGGM Investments boosted its stake in PTC by 27.7% in the 3rd quarter. PGGM Investments now owns 4,054 shares of the technology company’s stock valued at $574,000 after buying an additional 879 shares in the last quarter. Banque Cantonale Vaudoise grew its position in PTC by 68.9% in the third quarter. Banque Cantonale Vaudoise now owns 2,985 shares of the technology company’s stock valued at $423,000 after acquiring an additional 1,218 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of PTC by 12.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,010,963 shares of the technology company’s stock valued at $143,233,000 after acquiring an additional 109,664 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

About PTC

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PTC (NASDAQ:PTC)

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