PTC Inc. (NASDAQ:PTC) Stock Has Consensus Target Price of $200.06 According to Analysts

Shares of PTC Inc. (NASDAQ:PTC) have received an average rating of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $200.06.

A number of analysts recently issued reports on the stock. Rosenblatt Securities downgraded shares of PTC from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $190.00 to $205.00 in a report on Monday, October 5th. Mizuho lifted their price target on shares of PTC from $160.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upgraded PTC from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $145.00 to $205.00 in a research note on Monday, October 5th. Loop Capital downgraded PTC from a “buy” rating to a “hold” rating and raised their target price for the stock from $200.00 to $205.00 in a research report on Monday, October 5th. Finally, BMO Capital Markets lowered shares of PTC from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $164.00 to $205.00 in a research report on Tuesday, October 6th.

PTC Stock Performance

Shares of PTC stock opened at $195.54 on Monday. The business’s fifty day simple moving average is $162.93 and its 200 day simple moving average is $147.40. The firm has a market capitalization of $21.22 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99. PTC has a 12 month low of $108.50 and a 12 month high of $199.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. The firm had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. PTC had a return on equity of 25.31% and a net margin of 41.67%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. As a group, analysts anticipate that PTC will post 6.51 EPS for the current year.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 1,750 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the sale, the director owned 6,679 shares of the company’s stock, valued at $1,307,414.25. The trade was a 20.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On PTC

Several hedge funds and other institutional investors have recently modified their holdings of PTC. State Street Corp raised its stake in PTC by 10.2% in the second quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after purchasing an additional 596,955 shares in the last quarter. Janus Henderson Group PLC grew its position in PTC by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,530,070 shares of the technology company’s stock worth $503,000,000 after acquiring an additional 11,278 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of PTC by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,505,930 shares of the technology company’s stock worth $499,525,000 after purchasing an additional 529,208 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of PTC during the 2nd quarter valued at about $418,553,000. Finally, Amundi increased its position in shares of PTC by 151.9% during the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after purchasing an additional 1,040,656 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

PTC Inc (NASDAQ: PTC) develops software that helps manufacturers and other industrial companies design, manage, and optimize products and production processes. Its portfolio supports computer-aided design, product lifecycle management, digital manufacturing, and industrial Internet of Things initiatives.

The company’s products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, and Codebeamer for application lifecycle management. PTC also offers ThingWorx for industrial connectivity and IoT applications, Kepware for industrial automation connectivity, and Vuforia for augmented reality solutions.

Founded in 1985, PTC serves customers globally across industries such as automotive, aerospace and defense, industrial equipment, electronics, and life sciences.