PTC Inc. (NASDAQ:PTC) Receives $201.09 Average PT from Brokerages

PTC Inc. (NASDAQ:PTC) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $200.67.

PTC has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Robert W. Baird upped their target price on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $210.00 to $196.00 in a research note on Friday. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Insider Buying and Selling

In related news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the sale, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the sale, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the transaction, the director now owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,000 shares of company stock worth $1,714,010. 1.17% of the stock is owned by corporate insiders.

Institutional Trading of PTC

Hedge funds and other institutional investors have recently modified their holdings of the company. Congress Asset Management Co. grew its holdings in PTC by 767.8% during the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock valued at $119,746,000 after buying an additional 586,443 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in PTC by 66.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock valued at $140,577,000 after acquiring an additional 310,092 shares during the last quarter. Matrix Capital Management Company LP bought a new position in shares of PTC during the 1st quarter valued at about $56,076,000. Vanguard Group Inc. grew its position in shares of PTC by 1.5% during the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of PTC in the first quarter worth about $28,510,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

PTC opened at $185.03 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $22.23 billion, a PE ratio of 75.52, a price-to-earnings-growth ratio of 2.72 and a beta of 1.17. The stock’s 50 day moving average price is $178.53 and its 200-day moving average price is $177.82. PTC has a 52-week low of $135.16 and a 52-week high of $194.24.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The firm had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. On average, equities research analysts predict that PTC will post 3.51 EPS for the current year.

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.