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

PTC Inc. (NASDAQ:PTCGet Rating) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $144.89.

PTC has been the subject of several research analyst reports. Rosenblatt Securities raised their price target on PTC from $138.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, January 5th. Royal Bank of Canada lifted their target price on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Robert W. Baird boosted their price target on PTC to $150.00 in a research report on Wednesday, December 14th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. Finally, Mizuho boosted their price target on PTC from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 18th.

PTC Trading Down 1.4 %

NASDAQ PTC opened at $127.57 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59. PTC has a 12 month low of $96.55 and a 12 month high of $133.14. The stock has a market cap of $15.07 billion, a P/E ratio of 48.14, a P/E/G ratio of 2.52 and a beta of 1.17. The stock’s fifty day moving average price is $124.60 and its 200-day moving average price is $117.79.

PTC (NASDAQ:PTCGet Rating) last posted its earnings results on Wednesday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. PTC had a return on equity of 18.58% and a net margin of 16.19%. The company had revenue of $507.93 million for the quarter, compared to the consensus estimate of $498.19 million. As a group, equities analysts forecast that PTC will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, Director Blake D. Moret sold 7,281 shares of PTC stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $123.68, for a total value of $900,514.08. Following the sale, the director now owns 7,705,717 shares of the company’s stock, valued at approximately $953,043,078.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James E. Heppelmann sold 34,250 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $130.15, for a total transaction of $4,457,637.50. Following the completion of the sale, the chief executive officer now directly owns 930,667 shares of the company’s stock, valued at approximately $121,126,310.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Blake D. Moret sold 7,281 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $123.68, for a total transaction of $900,514.08. Following the sale, the director now directly owns 7,705,717 shares of the company’s stock, valued at $953,043,078.56. The disclosure for this sale can be found here. Insiders have sold a total of 483,788 shares of company stock valued at $59,367,463 over the last quarter. 8.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PTC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its stake in PTC by 14.6% during the second quarter. CWM LLC now owns 681 shares of the technology company’s stock worth $72,000 after acquiring an additional 87 shares during the period. Czech National Bank boosted its holdings in shares of PTC by 0.7% in the fourth quarter. Czech National Bank now owns 12,375 shares of the technology company’s stock valued at $1,485,000 after acquiring an additional 89 shares in the last quarter. Private Trust Co. NA boosted its holdings in PTC by 43.5% during the third quarter. Private Trust Co. NA now owns 330 shares of the technology company’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems boosted its holdings in PTC by 0.5% during the third quarter. Utah Retirement Systems now owns 18,877 shares of the technology company’s stock worth $1,975,000 after buying an additional 100 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of PTC by 3.2% in the 1st quarter. Verition Fund Management LLC now owns 3,505 shares of the technology company’s stock valued at $378,000 after acquiring an additional 109 shares in the last quarter. 86.79% of the stock is owned by hedge funds and other institutional investors.

PTC Company Profile

(Get Rating)

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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