PTC Inc. (NASDAQ:PTC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $205.9231.

Several research analysts have weighed in on PTC shares. Robert W. Baird set a $255.00 target price on PTC in a research note on Wednesday, October 22nd. BMO Capital Markets decreased their price target on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Piper Sandler dropped their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Zacks Research cut shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings downgraded shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th.

PTC Trading Down 1.6%

NASDAQ PTC opened at $162.14 on Friday. The firm’s fifty day moving average is $172.87 and its two-hundred day moving average is $192.21. PTC has a one year low of $133.38 and a one year high of $219.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $19.28 billion, a PE ratio of 26.41, a P/E/G ratio of 2.75 and a beta of 1.01.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.76 billion for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. Analysts expect that PTC will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kristian Talvitie sold 50,291 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. This represents a 80.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,277 shares of company stock worth $10,624,076 in the last ninety days. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PTC

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in PTC in the 2nd quarter valued at about $155,673,000. CCLA Investment Management purchased a new stake in shares of PTC in the second quarter valued at about $94,629,000. Voloridge Investment Management LLC grew its position in shares of PTC by 856.8% in the third quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock valued at $94,570,000 after purchasing an additional 417,130 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of PTC by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after purchasing an additional 416,791 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of PTC by 31.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock worth $266,715,000 after purchasing an additional 370,097 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.