PTC Inc. (NASDAQ:PTC) Given Average Rating of “Moderate Buy” by Brokerages

PTC Inc. (NASDAQ:PTC) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $210.09.

A number of analysts have recently commented on PTC shares. Robert W. Baird boosted their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Piper Sandler lifted their target price on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 860 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PTC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTC. Raymond James Financial Inc. bought a new position in PTC during the 4th quarter valued at about $146,712,000. Fernbridge Capital Management LP boosted its position in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares during the period. Congress Asset Management Co. raised its holdings in shares of PTC by 767.8% in the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of PTC during the 3rd quarter worth approximately $84,549,000. Finally, Massachusetts Financial Services Co. MA grew its position in PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

NASDAQ:PTC opened at $169.02 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The firm has a market cap of $20.34 billion, a PE ratio of 54.35, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The business has a 50 day moving average price of $189.94 and a 200-day moving average price of $183.65.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.63% and a net margin of 16.37%. Equities research analysts predict that PTC will post 4.62 earnings per share for the current 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.