PTC (PTC) to Release Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $554,885.60 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

PTC Stock Performance

Shares of PTC stock opened at $188.96 on Monday. The business has a 50-day simple moving average of $191.12 and a 200 day simple moving average of $183.14. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 60.76, a PEG ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC has a one year low of $163.30 and a one year high of $203.09.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent research reports. Piper Sandler boosted 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. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Berenberg Bank cut 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 note on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average price target of $207.54.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% 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.