Analysts Set PTC Inc. (NASDAQ:PTC) PT at $196.73

Shares of PTC Inc. (NASDAQ:PTC) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $196.73.

PTC has been the subject of several research reports. KeyCorp lifted their price objective on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. raised shares of PTC from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. BMO Capital Markets upped their target price on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho upped their price objective on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Barclays upped their price objective on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th.

PTC Trading Up 0.4 %

NASDAQ PTC opened at $178.62 on Friday. 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 company has a market capitalization of $21.35 billion, a price-to-earnings ratio of 90.67, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The company’s 50-day simple moving average is $183.79 and its two-hundred day simple moving average is $168.28. PTC has a one year low of $120.62 and a one year high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. Equities analysts forecast that PTC will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the firm’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 sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders have sold 36,415 shares of company stock worth $6,457,478 over the last three months. Insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC raised 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. Itau Unibanco Holding S.A. purchased a new stake in PTC during the 2nd quarter worth about $25,000. Riverview Trust Co purchased a new stake in PTC during the 1st quarter worth about $34,000. Legacy Financial Group LLC purchased a new stake in PTC during the 3rd quarter worth about $28,000. Finally, Clear Street Markets LLC grew its holdings in PTC by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.