PTC (PTC) to Release Earnings on Wednesday

PTC (NASDAQ:PTC) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

PTC Stock Performance

PTC stock opened at $185.03 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $22.23 billion, a P/E ratio of 75.52, a PEG ratio of 2.72 and a beta of 1.17. The stock’s 50 day moving average is $178.53 and its 200 day moving average is $177.82. PTC has a twelve month low of $135.16 and a twelve month high of $194.24.

Insider Transactions at PTC

In other news, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $1,714,010 in the last three months. Corporate insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of several recent research reports. Berenberg Bank downgraded 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 research note on Friday. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Piper Sandler upped their price objective on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Finally, Robert W. Baird upped their price objective on PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average price target of $200.67.

About PTC

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.