PTC (NASDAQ:PTC) Rating Lowered to “Hold” at StockNews.com

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

A number of other equities analysts have also recently issued reports on PTC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. KeyCorp lifted their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

Shares of PTC stock opened at $155.80 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.75 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a 50 day moving average of $174.75 and a 200-day moving average of $181.86. PTC has a 1-year low of $151.80 and a 1-year high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts forecast that PTC will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PTC

Large investors have recently modified their holdings of the company. Mirabella Financial Services LLP grew its holdings in shares of PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after buying an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in PTC during the 3rd quarter valued at about $84,549,000. Citigroup Inc. increased its holdings in PTC by 28.4% during the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after purchasing an additional 32,984 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after purchasing an additional 9,893 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

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.