Barclays Boosts PTC (NASDAQ:PTC) Price Target to $215.00

PTC (NASDAQ:PTC) had its price target lifted by Barclays from $198.00 to $215.00 in a report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also recently commented on PTC. Mizuho raised their price target on shares of PTC from $200.00 to $210.00 and gave the stock a buy rating in a research note on Thursday, February 1st. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of PTC from a neutral rating to an overweight rating and boosted their price objective for the stock from $130.00 to $200.00 in a research report on Thursday, January 4th. Oppenheimer boosted their price objective on shares of PTC from $190.00 to $210.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Finally, Piper Sandler boosted their price objective on shares of PTC from $155.00 to $177.00 and gave the stock a neutral rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $196.73.

PTC Stock Down 1.2 %

PTC stock opened at $180.06 on Thursday. PTC has a twelve month low of $120.62 and a twelve month high of $194.24. The company has a market cap of $21.53 billion, a PE ratio of 91.40, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The business’s 50-day simple moving average is $183.75 and its 200 day simple moving average is $167.56. 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 released its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. On average, research analysts anticipate that PTC will post 3.47 earnings per share for the current year.

Insider Activity

In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock valued at $6,457,478 in the last quarter. Company insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in PTC. Itau Unibanco Holding S.A. acquired a new position in shares of PTC during the 2nd quarter worth about $25,000. Clear Street Markets LLC boosted its stake in shares of PTC by 93.5% during the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Legacy Financial Group LLC acquired a new position in shares of PTC during the 3rd quarter worth about $28,000. Lindbrook Capital LLC boosted its stake in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of PTC during the 1st quarter worth about $34,000. 95.14% of the stock is owned by institutional investors.

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.