PTC (NASDAQ:PTC) had its price target increased by equities research analysts at Royal Bank of Canada to $80.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 19.94% from the stock’s current price.
PTC has been the topic of a number of other research reports. Evercore ISI set a $75.00 price target on PTC and gave the company a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $65.00 target price on PTC and gave the stock a “buy” rating in a report on Friday, October 6th. Wedbush reissued an “outperform” rating and set a $57.00 target price on shares of PTC in a report on Thursday, October 5th. Barclays boosted their target price on PTC from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, BidaskClub cut PTC from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.94.
PTC (NASDAQ:PTC) traded up $1.41 on Thursday, hitting $66.70. The stock had a trading volume of 1,697,300 shares, compared to its average volume of 891,327. The company has a market capitalization of $7,750.00, a PE ratio of 1,667.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 0.98. PTC has a 52 week low of $46.87 and a 52 week high of $67.12.
In other PTC news, EVP Anthony Dibona sold 10,929 shares of PTC stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $65.25, for a total value of $713,117.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul A. Lacy sold 4,000 shares of PTC stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $65.81, for a total transaction of $263,240.00. Following the completion of the transaction, the director now owns 61,486 shares in the company, valued at approximately $4,046,393.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,924 shares of company stock worth $3,627,304. 1.11% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in PTC by 2.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 472,552 shares of the technology company’s stock worth $28,717,000 after purchasing an additional 11,110 shares in the last quarter. Bank of Montreal Can grew its position in PTC by 120.4% during the 4th quarter. Bank of Montreal Can now owns 16,212 shares of the technology company’s stock worth $985,000 after purchasing an additional 8,857 shares in the last quarter. AXA grew its position in PTC by 15.9% during the 3rd quarter. AXA now owns 1,161,468 shares of the technology company’s stock worth $65,367,000 after purchasing an additional 159,329 shares in the last quarter. Jane Street Group LLC purchased a new position in PTC during the 3rd quarter worth approximately $907,000. Finally, Vident Investment Advisory LLC grew its position in PTC by 63.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 223,957 shares of the technology company’s stock worth $12,604,000 after purchasing an additional 86,925 shares in the last quarter.
PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
