PTC (NASDAQ:PTC) Rating Increased to Buy at StockNews.com

PTC (NASDAQ:PTC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

PTC has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted 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. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and dropped their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Down 2.4 %

Shares of NASDAQ:PTC opened at $165.76 on Friday. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. 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 $184.34 and its two-hundred day moving average is $183.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last issued 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 14.49% and a net margin of 16.95%. Equities analysts anticipate that PTC will post 4.46 EPS for the current year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 860 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the sale, the director now directly owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,539 shares of company stock worth $3,301,697 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On PTC

Several large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in shares of PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after buying an additional 654 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of PTC by 8.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock worth $1,127,000 after buying an additional 493 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of PTC by 5.9% during the third quarter. Sequoia Financial Advisors LLC now owns 1,461 shares of the technology company’s stock worth $264,000 after buying an additional 82 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of PTC by 9.3% during the third quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after buying an additional 76 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of PTC by 786.5% during the third quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock worth $261,000 after buying an additional 1,282 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.