PTC Inc (PTC) Given Average Rating of “Buy” by Analysts

PTC Inc (NASDAQ:PTC) has been given an average rating of “Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $70.81.

A number of research firms recently issued reports on PTC. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of PTC in a research report on Monday, February 5th. Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Seaport Global Securities reaffirmed a “buy” rating and set a $83.00 target price on shares of PTC in a research note on Friday, January 19th. Finally, Royal Bank of Canada lifted their target price on PTC to $80.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th.

PTC (NASDAQ:PTC) traded up $0.81 during trading hours on Wednesday, reaching $69.25. The company had a trading volume of 425,200 shares, compared to its average volume of 1,029,179. PTC has a twelve month low of $50.68 and a twelve month high of $74.88. The firm has a market cap of $8,190.00, a price-to-earnings ratio of 288.54, a P/E/G ratio of 2.45 and a beta of 1.49. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.84.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The business had revenue of $306.44 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that PTC will post 0.78 EPS for the current fiscal year.

In other news, EVP Anthony Dibona sold 4,920 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total value of $317,733.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total value of $1,614,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 81,260 shares of company stock worth $5,501,295 in the last ninety days. 1.19% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. OZ Management LP acquired a new stake in shares of PTC during the third quarter worth $187,542,000. Carillon Tower Advisers Inc. acquired a new stake in shares of PTC during the fourth quarter worth $114,935,000. TimesSquare Capital Management LLC acquired a new stake in shares of PTC during the third quarter worth $51,958,000. Renaissance Technologies LLC raised its position in shares of PTC by 441.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,088,600 shares of the technology company’s stock worth $66,154,000 after purchasing an additional 887,400 shares during the period. Finally, Impax Asset Management LTD raised its position in shares of PTC by 147.2% during the third quarter. Impax Asset Management LTD now owns 1,160,283 shares of the technology company’s stock worth $65,301,000 after purchasing an additional 691,000 shares during the period. 99.83% of the stock is currently owned by institutional investors.

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About PTC

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.

Analyst Recommendations for PTC (NASDAQ:PTC)

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