PTC (NASDAQ:PTC) Price Target Increased to $216.00 by Analysts at Robert W. Baird

PTC (NASDAQ:PTC) had its price objective upped by Robert W. Baird from $210.00 to $216.00 in a research note published on Thursday morning, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an outperform rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, February 1st. Piper Sandler lifted their price objective on shares of PTC from $155.00 to $177.00 and gave the company a neutral rating in a report on Tuesday, January 9th. Barclays lifted 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. Rosenblatt Securities reaffirmed a buy rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Finally, StockNews.com cut shares of PTC from a buy rating to a hold rating in a report on Saturday, April 27th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, PTC has a consensus rating of Moderate Buy and a consensus target price of $200.64.

PTC Trading Up 3.0 %

NASDAQ PTC opened at $175.77 on Thursday. The company has a market capitalization of $21.01 billion, a PE ratio of 73.54, a P/E/G ratio of 3.48 and a beta of 1.19. The company has a fifty day moving average of $183.30 and a 200 day moving average of $171.54. PTC has a 1 year low of $124.42 and a 1 year high of $194.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 1.19.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were 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 owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.17% of the stock is owned by corporate insiders.

Institutional Trading of PTC

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after purchasing an additional 1,569,081 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new position in PTC in the 4th quarter valued at about $177,081,000. Vanguard Group Inc. boosted its holdings in PTC by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. Norges Bank acquired a new position in PTC in the 4th quarter valued at about $114,043,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of PTC by 173.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after acquiring an additional 344,853 shares during the last quarter. Hedge funds and other institutional investors 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.