PTC (NASDAQ:PTC) Price Target Lowered to $195.00 at Citigroup

PTC (NASDAQ:PTC) had its price target decreased by investment analysts at Citigroup from $200.00 to $195.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s target price would suggest a potential upside of 13.63% from the stock’s previous close.

PTC has been the subject of several other reports. Royal Bank of Canada upped their target price on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

NASDAQ PTC opened at $171.61 on Wednesday. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The business has a fifty day moving average of $190.48 and a 200-day moving average of $183.73. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.37% and a return on equity of 14.63%. As a group, analysts predict that PTC will post 4.62 earnings per share for the current fiscal year.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last quarter. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning raised its stake in PTC by 20.5% during the second quarter. Creative Planning now owns 5,185 shares of the technology company’s stock valued at $942,000 after buying an additional 882 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in PTC during the second quarter valued at approximately $519,000. Park Avenue Securities LLC acquired a new stake in PTC during the third quarter valued at approximately $276,000. Czech National Bank raised its stake in PTC by 7.2% during the third quarter. Czech National Bank now owns 24,472 shares of the technology company’s stock valued at $4,421,000 after buying an additional 1,654 shares in the last quarter. Finally, Park Place Capital Corp acquired a new stake in PTC during the third quarter valued at approximately $67,000. 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.