PTC Inc. (NASDAQ:PTC) Receives $207.54 Consensus PT from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $207.54.

A number of research firms have recently commented on PTC. Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Piper Sandler upped their price objective on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd.

PTC Stock Up 0.2 %

Shares of PTC opened at $187.58 on Friday. PTC has a 52 week low of $163.30 and a 52 week high of $203.09. The firm has a market capitalization of $22.53 billion, a P/E ratio of 60.32, a P/E/G ratio of 2.70 and a beta of 1.16. The company has a 50-day simple moving average of $192.29 and a 200-day simple moving average of $181.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction 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 approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,242 shares of company stock valued at $3,630,716. 1.17% of the stock is owned by company insiders.

Institutional Trading of PTC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Fifth Third Bancorp grew its holdings in PTC by 9.8% during the second quarter. Fifth Third Bancorp now owns 2,377 shares of the technology company’s stock worth $432,000 after purchasing an additional 212 shares during the period. Addison Capital Co increased its position in PTC by 3.9% during the second quarter. Addison Capital Co now owns 3,127 shares of the technology company’s stock worth $568,000 after buying an additional 118 shares during the last quarter. Finally, Liontrust Investment Partners LLP increased its position in PTC by 1.0% during the second quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock worth $182,383,000 after buying an additional 10,338 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

About PTC

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.