PTC Inc. (NASDAQ:PTC) Receives Average Rating of “Moderate Buy” from Analysts

PTC Inc. (NASDAQ:PTC) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $196.73.

A number of analysts have weighed in on PTC shares. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays upped their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho lifted their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday. Finally, Piper Sandler increased their price objective on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th.

Insider Buying and Selling

In other news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the business’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 completion of the sale, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PTC. Coldstream Capital Management Inc. lifted its stake in shares of PTC by 2.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock worth $458,000 after acquiring an additional 55 shares during the last quarter. CWM LLC boosted its stake in shares of PTC by 6.9% during the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares during the period. US Bancorp DE grew its holdings in shares of PTC by 0.8% in the fourth quarter. US Bancorp DE now owns 9,931 shares of the technology company’s stock worth $1,738,000 after purchasing an additional 77 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in PTC by 4.7% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,797 shares of the technology company’s stock worth $314,000 after buying an additional 81 shares during the period. Finally, Stephens Inc. AR lifted its holdings in PTC by 25.7% during the 1st quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock valued at $51,000 after buying an additional 82 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of PTC stock opened at $180.06 on Friday. The business has a 50 day moving average of $183.75 and a 200 day moving average of $167.56. PTC has a 52 week low of $120.62 and a 52 week high of $194.24. The company has a market cap of $21.53 billion, a PE ratio of 91.40, a P/E/G ratio of 3.25 and a beta of 1.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. As a group, equities research analysts forecast that PTC will post 3.47 earnings per share for the current year.

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.