PTC Inc. (NASDAQ:PTC) Given Consensus Rating of “Moderate Buy” by Analysts

PTC Inc. (NASDAQ:PTC) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $204.83.

A number of analysts recently issued reports on PTC shares. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised their price target on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler upped their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. 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 research note on Thursday, November 7th.

Insider Activity

In related news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This represents a 67.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.17% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Institutional investors have recently modified their holdings of the company. Fernbridge Capital Management LP boosted its stake in shares of PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after acquiring an additional 650,990 shares during the period. Congress Asset Management Co. raised its position in PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock valued at $119,746,000 after purchasing an additional 586,443 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of PTC during the 3rd quarter worth $84,549,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of PTC by 66.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock worth $140,577,000 after acquiring an additional 310,092 shares during the last quarter. Finally, Railway Pension Investments Ltd bought a new position in PTC in the 2nd quarter valued at approximately $24,416,000. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

PTC stock opened at $197.64 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50 day simple moving average is $184.36 and its two-hundred day simple moving average is $179.29. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 63.55, a PEG ratio of 2.61 and a beta of 1.17. PTC has a fifty-two week low of $153.11 and a fifty-two week high of $199.48.

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.