StockNews.com Downgrades PTC (NASDAQ:PTC) to Hold

PTC (NASDAQ:PTC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research firms have also weighed in on PTC. Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Performance

PTC stock opened at $155.80 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market cap of $18.75 billion, a PE ratio of 48.09, a P/E/G ratio of 2.27 and a beta of 1.22. The business has a 50 day moving average of $174.75 and a 200-day moving average of $181.86. PTC has a 12-month low of $151.80 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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, sell-side analysts expect that PTC will post 4.46 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in PTC in the 4th quarter worth $30,000. Allworth Financial LP increased its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Pinney & Scofield Inc. bought a new stake in shares of PTC in the 4th quarter valued at about $47,000. Kapitalo Investimentos Ltda purchased a new stake in PTC during the 4th quarter valued at about $51,000. Finally, Assetmark Inc. grew its position in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after acquiring an additional 297 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.