PTC Inc. (NASDAQ:PTC) Receives $205.92 Consensus Price Target from Analysts

PTC Inc. (NASDAQ:PTC) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $205.9231.

Several analysts have issued reports on PTC shares. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Robert W. Baird set a $255.00 target price on shares of PTC in a research note on Wednesday, October 22nd. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, Piper Sandler lowered their price objective on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th.

Insider Transactions at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the sale, the executive vice president directly owned 12,386 shares in the company, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the transaction, the executive vice president directly owned 22,461 shares of the company’s stock, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,277 shares of company stock valued at $10,624,076 over the last ninety days. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On PTC

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in PTC in the 3rd quarter valued at $30,000. SJS Investment Consulting Inc. increased its stake in shares of PTC by 2,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 158 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of PTC in the fourth quarter valued at about $35,000. Versant Capital Management Inc raised its holdings in shares of PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after buying an additional 53 shares during the last quarter. Finally, Quarry LP grew its holdings in PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after acquiring an additional 94 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Price Performance

NASDAQ PTC opened at $165.77 on Friday. The stock has a 50-day simple moving average of $172.71 and a 200 day simple moving average of $191.97. PTC has a twelve month low of $133.38 and a twelve month high of $219.69. The stock has a market capitalization of $19.71 billion, a PE ratio of 27.00, a P/E/G ratio of 2.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%.The company had revenue of $1.76 billion for the quarter. Research analysts anticipate that PTC will post 4.46 EPS for the current year.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.