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

PTC Inc. (NASDAQ:PTC) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $210.09.

PTC has been the topic of a number of recent research reports. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and dropped their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now directly owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction 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 dated 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 sale, the executive vice president now directly owns 21,707 shares in the company, valued at $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. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On PTC

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its holdings in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares in the last quarter. Allworth Financial LP grew its position in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares during the period. Assetmark Inc. increased its stake in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after purchasing an additional 297 shares in the last quarter. Brooklyn Investment Group acquired a new position in PTC in the 3rd quarter worth about $66,000. Finally, Smartleaf Asset Management LLC boosted its position in PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 1.5 %

PTC opened at $169.02 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average is $189.94 and its two-hundred day moving average is $183.65. The company has a market capitalization of $20.34 billion, a P/E ratio of 54.35, a PEG ratio of 2.62 and a beta of 1.19. PTC has a 52 week low of $163.30 and a 52 week high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.37% and a return on equity of 14.63%. Analysts forecast that PTC will post 4.62 earnings per share for the current year.

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.