PTC (NASDAQ:PTC) Downgraded by StockNews.com

StockNews.com cut shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a report issued on Tuesday.

Several other research analysts have also issued reports on the stock. Mizuho dropped their price target on PTC from $210.00 to $200.00 and set a buy rating on the stock in a report on Thursday, May 2nd. KeyCorp boosted their price objective on PTC from $190.00 to $205.00 and gave the stock an overweight rating in a report on Thursday, February 1st. BMO Capital Markets raised their price objective on shares of PTC from $195.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Rosenblatt Securities reaffirmed a buy rating and set a $195.00 target price on shares of PTC in a research note on Friday, April 12th. Finally, Piper Sandler lifted their price objective on PTC from $155.00 to $177.00 and gave the company a neutral rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $200.64.

PTC Trading Up 0.1 %

Shares of PTC stock opened at $178.38 on Tuesday. PTC has a fifty-two week low of $127.89 and a fifty-two week high of $194.24. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $21.33 billion, a P/E ratio of 74.64, a P/E/G ratio of 3.48 and a beta of 1.19. The stock has a 50-day simple moving average of $183.15 and a 200 day simple moving average of $172.08.

Insiders Place Their Bets

In other news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.17% of the company’s stock.

Institutional Trading of PTC

A number of hedge funds have recently bought and sold shares of PTC. Lindbrook Capital LLC increased its stake in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares during the period. Riverview Trust Co bought a new position in shares of PTC during the 1st quarter worth about $34,000. Resources Management Corp CT ADV increased its stake in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after acquiring an additional 300 shares during the period. Principal Securities Inc. acquired a new position in PTC in the fourth quarter worth about $46,000. Finally, Van ECK Associates Corp boosted its holdings in PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock valued at $92,000 after purchasing an additional 108 shares in the last quarter. 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.