PTC Inc. (NASDAQ:PTC) Given Average Rating of “Moderate Buy” by Brokerages

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

A number of institutional investors have recently made changes to their positions in the business. Toroso Investments LLC grew its holdings in PTC by 73.0% in the 1st quarter. Toroso Investments LLC now owns 10,229 shares of the technology company’s stock valued at $1,312,000 after buying an additional 4,317 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in PTC by 54.0% in the 1st quarter. JPMorgan Chase & Co. now owns 229,189 shares of the technology company’s stock valued at $29,387,000 after buying an additional 80,353 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in PTC by 1.7% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 61,852 shares of the technology company’s stock valued at $7,931,000 after buying an additional 1,044 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in PTC by 9.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 190,766 shares of the technology company’s stock valued at $24,462,000 after buying an additional 16,582 shares in the last quarter. Finally, Insight Holdings Group LLC acquired a new position in PTC in the 1st quarter valued at $8,553,000. 86.79% of the stock is owned by institutional investors and hedge funds.

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.

About PTC

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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.