PTC (NASDAQ:PTC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC) from a hold rating to a buy rating in a report published on Sunday.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus upped 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. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

PTC stock opened at $162.65 on Friday. The stock has a 50-day moving average price of $177.45 and a two-hundred day moving average price of $182.52. PTC has a 12-month low of $155.53 and a 12-month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $19.57 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts predict that PTC will post 4.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of PTC in the fourth quarter worth about $30,000. Allworth Financial LP raised its stake in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Covestor Ltd raised its stake in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares in the last quarter. Pinney & Scofield Inc. acquired a new stake in PTC during the fourth quarter valued at approximately $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in PTC during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds 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.