PTC (PTC) to Release Earnings on Wednesday

PTC (NASDAQ:PTC) will likely be releasing its earnings data before the market opens on Wednesday, January 29th. Analysts expect PTC to post earnings of $0.92 per share and revenue of $554,885.60 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

PTC Stock Up 0.1 %

Shares of NASDAQ:PTC opened at $187.90 on Wednesday. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 60.42, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. PTC has a 1-year low of $163.30 and a 1-year high of $203.09. The company’s fifty day moving average is $191.39 and its two-hundred day moving average is $183.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent research reports. 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. Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their target price for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $207.54.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last three months. 0.32% of the stock is owned by corporate insiders.

PTC Company Profile

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.