PTC Inc. (NASDAQ:PTC) Receives Consensus Rating of “Moderate Buy” from Analysts

PTC Inc. (NASDAQ:PTC) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $207.54.

Several research analysts have commented on the company. Robert W. Baird raised their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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, December 18th. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st.

Insider Transactions at PTC

In other news, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 80 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in PTC by 66.4% during the second quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 93 shares during the period. Brooklyn Investment Group acquired a new stake in PTC during the 3rd quarter worth approximately $66,000. Park Place Capital Corp purchased a new position in shares of PTC in the 3rd quarter valued at $67,000. Finally, Resources Management Corp CT ADV boosted its position in shares of PTC by 95.3% in the second quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company’s stock worth $130,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ PTC opened at $182.42 on Tuesday. PTC has a 12-month low of $163.30 and a 12-month high of $203.09. The company has a market cap of $21.96 billion, a P/E ratio of 58.66, a PEG ratio of 2.70 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $192.02 and a 200 day simple moving average of $182.86.

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.