Shares of PTC Inc. (NASDAQ:PTC – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $155.50.
Several equities analysts have recently issued reports on PTC shares. VNET Group restated a “maintains” rating on shares of PTC in a research report on Thursday, April 27th. JPMorgan Chase & Co. boosted their target price on PTC from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Barclays lifted their price objective on PTC from $150.00 to $152.00 in a report on Thursday, April 27th. BMO Capital Markets began coverage on PTC in a report on Wednesday. They set an “outperform” rating and a $166.00 price objective on the stock. Finally, Royal Bank of Canada lifted their price objective on PTC from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, January 30th.
Insider Transactions at PTC
In other news, COO Michael Ditullio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $122.79, for a total transaction of $245,580.00. Following the sale, the chief operating officer now owns 61,250 shares in the company, valued at approximately $7,520,887.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Staats Aaron C. Von sold 4,865 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $126.14, for a total transaction of $613,671.10. Following the transaction, the executive vice president now directly owns 13,916 shares of the company’s stock, valued at approximately $1,755,364.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Ditullio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $122.79, for a total value of $245,580.00. Following the transaction, the chief operating officer now directly owns 61,250 shares in the company, valued at $7,520,887.50. The disclosure for this sale can be found here. Insiders have sold a total of 592,190 shares of company stock worth $75,240,117 in the last 90 days. Corporate insiders own 8.26% of the company’s stock.
Institutional Inflows and Outflows
PTC Price Performance
PTC stock opened at $130.35 on Thursday. The firm has a market capitalization of $15.43 billion, a P/E ratio of 49.00, a PEG ratio of 2.94 and a beta of 1.19. PTC has a 1 year low of $97.97 and a 1 year high of $139.91. The business has a 50-day moving average of $126.51 and a 200-day moving average of $126.58. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76.
PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.
- Get a free copy of the StockNews.com research report on PTC (PTC)
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