PTC Inc. (NASDAQ:PTC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $210.09.

Several research firms recently issued reports on PTC. Citigroup dropped their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of 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 price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th.

PTC Trading Down 3.4 %

NASDAQ:PTC opened at $154.80 on Friday. The company has a market cap of $18.63 billion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC has a twelve month low of $151.80 and a twelve month high of $203.09. The business has a 50 day moving average price of $169.84 and a two-hundred day moving average price of $180.97. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

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, analysts expect that PTC will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On PTC

Several institutional investors and hedge funds have recently modified their holdings of PTC. Aster Capital Management DIFC Ltd acquired a new position in shares of PTC during the 4th quarter worth approximately $30,000. Allworth Financial LP boosted its stake in shares of PTC by 58.0% in 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 during the period. Pinney & Scofield Inc. acquired a new stake in PTC during the fourth quarter worth approximately $47,000. Kapitalo Investimentos Ltda bought a new position in PTC during the 4th quarter worth $51,000. Finally, Assetmark Inc. raised its holdings in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after acquiring an additional 297 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.