PTC Inc. (NASDAQ:PTC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $207.54.

A number of equities analysts have weighed in on PTC shares. Rosenblatt Securities restated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

PTC Trading Down 0.9 %

NASDAQ:PTC opened at $187.13 on Friday. PTC has a 1 year low of $163.30 and a 1 year high of $203.09. The stock’s fifty day moving average price is $192.16 and its two-hundred day moving average price is $181.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $22.48 billion, a P/E ratio of 60.17, a P/E/G ratio of 2.70 and a beta of 1.16.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock valued at $3,630,716 in the last three months. 1.17% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Several large investors have recently modified their holdings of PTC. Blue Trust Inc. boosted its stake in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Rothschild Investment LLC purchased a new position in shares of PTC in the second quarter valued at about $29,000. International Assets Investment Management LLC bought a new position in shares of PTC in the second quarter worth about $30,000. Finally, Covestor Ltd grew its position in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares in the last quarter. Institutional investors 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.