PTC Short Interest Up 217.1% in August (PTC)
Shares of PTC (NASDAQ:PTC) were the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,245,726 shares, a growth of 217.1% from the July 31st total of 1,023,661 shares, Stock Ratings News reports. Based on an average daily trading volume, of 758,048 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.8% of the shares of the stock are sold short.
A number of analysts have recently weighed in on PTC shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PTC in a research note on Thursday, July 24th. They now have a $44.00 price target on the stock, up previously from $41.00. Analysts at Barclays initiated coverage on shares of PTC in a research note on Thursday, July 10th. They set an “overweight” rating and a $45.00 price target on the stock. Four analysts have rated the stock with a buy rating, PTC presently has a consensus rating of “Buy” and an average target price of $45.20.
PTC (NASDAQ:PTC) opened at 38.69 on Monday. PTC has a 1-year low of $26.03 and a 1-year high of $40.40. The stock has a 50-day moving average of $38.09 and a 200-day moving average of $37.15. The company has a market cap of $4.578 billion and a P/E ratio of 26.15.
PTC (NASDAQ:PTC) last released its earnings data on Wednesday, July 23rd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.03. The company had revenue of $337.00 million for the quarter, compared to the consensus estimate of $332.50 million. PTC’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that PTC will post $2.12 EPS for the current fiscal year.
PTC Inc develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products.
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