Analysts’ Recent Ratings Changes for PTC (PTC)

Several analysts have recently updated their ratings and price targets for PTC (NASDAQ: PTC):

  • 2/1/2024 – PTC had its price target raised by analysts at KeyCorp from $190.00 to $205.00. They now have an “overweight” rating on the stock.
  • 2/1/2024 – PTC had its price target raised by analysts at Oppenheimer Holdings Inc. from $190.00 to $210.00. They now have an “outperform” rating on the stock.
  • 2/1/2024 – PTC had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $202.00 price target on the stock.
  • 2/1/2024 – PTC had its price target raised by analysts at BMO Capital Markets from $195.00 to $200.00. They now have an “outperform” rating on the stock.
  • 2/1/2024 – PTC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 2/1/2024 – PTC had its price target raised by analysts at Mizuho from $200.00 to $210.00. They now have a “buy” rating on the stock.
  • 2/1/2024 – PTC had its price target raised by analysts at Rosenblatt Securities from $166.00 to $195.00. They now have a “buy” rating on the stock.
  • 1/23/2024 – PTC had its price target raised by analysts at BMO Capital Markets from $184.00 to $195.00. They now have an “outperform” rating on the stock.
  • 1/19/2024 – PTC had its price target raised by analysts at Robert W. Baird from $200.00 to $205.00. They now have an “outperform” rating on the stock.
  • 1/12/2024 – PTC had its price target raised by analysts at KeyCorp from $177.00 to $190.00. They now have an “overweight” rating on the stock.
  • 1/9/2024 – PTC had its price target raised by analysts at Piper Sandler from $155.00 to $177.00. They now have a “neutral” rating on the stock.
  • 1/4/2024 – PTC was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $200.00 price target on the stock, up previously from $130.00.

PTC Stock Performance

NASDAQ PTC opened at $178.54 on Tuesday. The company has a market cap of $21.34 billion, a P/E ratio of 90.63, a P/E/G ratio of 3.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50 day moving average price is $173.46 and its 200-day moving average price is $155.03. PTC Inc. has a fifty-two week low of $115.44 and a fifty-two week high of $185.07.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 1,477 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $154.82, for a total transaction of $228,669.14. Following the completion of the transaction, the insider now owns 15,194 shares in the company, valued at approximately $2,352,335.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PTC news, insider Catherine Kniker sold 1,477 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $154.82, for a total value of $228,669.14. Following the completion of the sale, the insider now directly owns 15,194 shares in the company, valued at approximately $2,352,335.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders sold a total of 72,520 shares of company stock worth $12,117,492 in the last quarter. 1.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On PTC

Hedge funds have recently made changes to their positions in the company. 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 purchasing an additional 55 shares during the last quarter. Granite Investment Partners LLC lifted its stake in shares of PTC by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 15,789 shares of the technology company’s stock worth $2,247,000 after purchasing an additional 75 shares during the last quarter. CWM LLC lifted its stake in shares of PTC by 6.9% during the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after purchasing an additional 75 shares during the last quarter. US Bancorp DE lifted its stake in shares of PTC by 0.8% during the 4th 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. Finally, Cookson Peirce & Co. Inc. lifted its stake in shares of PTC by 4.8% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 1,688 shares of the technology company’s stock worth $240,000 after purchasing an additional 78 shares during the last quarter. 92.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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