PTC Inc. (NASDAQ:PTC) Receives $200.18 Consensus PT from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $200.18.

Several equities research analysts recently commented on the company. Robert W. Baird increased their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Mizuho restated a “neutral” rating and issued a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Citigroup reduced their price target on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Piper Sandler upped their price objective on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Rosenblatt Securities raised their price objective on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

PTC Stock Up 1.6 %

Shares of PTC opened at $176.34 on Friday. The stock has a 50 day moving average price of $176.61 and a 200 day moving average price of $179.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 73.78, a PEG ratio of 3.21 and a beta of 1.18. PTC has a one year low of $134.61 and a one year high of $194.24.

Insider Activity

In other news, insider Catherine Kniker sold 1,254 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now owns 13,598 shares in the company, valued at approximately $2,358,573.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Catherine Kniker sold 1,254 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the sale, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,846 shares of company stock worth $4,568,961. 1.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of PTC by 1,633.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,736 shares of the technology company’s stock worth $1,587,000 after purchasing an additional 8,232 shares in the last quarter. Creative Planning boosted its holdings in PTC by 20.5% during the second quarter. Creative Planning now owns 5,185 shares of the technology company’s stock worth $942,000 after buying an additional 882 shares in the last quarter. Ascent Group LLC grew its position in PTC by 5.8% during the second quarter. Ascent Group LLC now owns 14,409 shares of the technology company’s stock worth $2,618,000 after buying an additional 794 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in PTC in the second quarter valued at about $2,185,000. Finally, MBB Public Markets I LLC acquired a new stake in shares of PTC during the 2nd quarter valued at approximately $1,555,000. 95.14% of the stock is owned by hedge funds and other 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.