PTC (NASDAQ:PTC) is set to release its earnings data after the market closes on Wednesday, October 24th. Analysts expect PTC to post earnings of $0.28 per share for the quarter.
NASDAQ PTC opened at $92.39 on Tuesday. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 124.85, a PEG ratio of 1.88 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.83. PTC has a 52 week low of $59.40 and a 52 week high of $107.44.
Several research firms have commented on PTC. BidaskClub cut PTC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Guggenheim began coverage on PTC in a research note on Tuesday, August 7th. They issued a “buy” rating and a $115.00 target price on the stock. Zacks Investment Research upgraded PTC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Mitsubishi UFJ Financial Group boosted their target price on PTC to $81.00 and gave the company a “neutral” rating in a research note on Thursday, July 19th. Finally, Cowen set a $113.00 target price on PTC and gave the company a “buy” rating in a research note on Thursday, July 19th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $99.44.
In related news, Director Corinna Lathan sold 1,405 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $92.58, for a total transaction of $130,074.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Phillip M. Fernandez sold 250 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $102.46, for a total value of $25,615.00. Following the transaction, the director now directly owns 20,912 shares in the company, valued at $2,142,643.52. The disclosure for this sale can be found here. Insiders have sold a total of 94,845 shares of company stock worth $8,856,096 in the last ninety days. Insiders own 1.19% of the company’s stock.
PTC Company Profile
PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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