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

Shares of PTC Inc. (NASDAQ:PTC) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $196.73.

PTC has been the topic of several recent research reports. Robert W. Baird reaffirmed an “outperform” rating and set a $210.00 price objective on shares of PTC in a report on Tuesday, April 2nd. JPMorgan Chase & Co. raised PTC from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Piper Sandler boosted their target price on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Barclays boosted their target price on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Buying and Selling at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders have sold 36,415 shares of company stock valued at $6,457,478 in the last quarter. 1.17% of the stock is owned by insiders.

Institutional Investors Weigh In On PTC

Several hedge funds have recently made changes to their positions in PTC. Itau Unibanco Holding S.A. purchased a new stake in shares of PTC in the 2nd quarter worth $25,000. Clear Street Markets LLC lifted its holdings in shares of PTC by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Legacy Financial Group LLC purchased a new stake in shares of PTC during the 3rd quarter worth $28,000. Lindbrook Capital LLC boosted its position in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in PTC during the first quarter valued at about $34,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Down 1.0 %

NASDAQ PTC opened at $175.70 on Friday. The stock’s 50 day moving average is $183.62 and its 200 day moving average is $168.40. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. PTC has a 12 month low of $120.62 and a 12 month high of $194.24. The stock has a market cap of $21.00 billion, a PE ratio of 89.19, a P/E/G ratio of 3.19 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The company had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. Research analysts predict that PTC will post 3.47 EPS for the current fiscal year.

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.