Shares of PTC Inc (NASDAQ:PTC) have earned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $85.54.
A number of brokerages have issued reports on PTC. BidaskClub lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI reissued a “buy” rating and issued a $104.00 price target on shares of PTC in a report on Sunday, November 24th. Citigroup cut their price target on shares of PTC from $89.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $83.00 price target on shares of PTC in a report on Tuesday, November 26th. Finally, Barclays began coverage on shares of PTC in a report on Monday, November 4th. They issued an “overweight” rating and a $81.00 price target on the stock.
NASDAQ:PTC traded up $0.51 during trading hours on Thursday, reaching $80.50. The company’s stock had a trading volume of 31,817 shares, compared to its average volume of 485,710. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 88.46 and a beta of 1.14. The firm has a 50-day simple moving average of $75.59 and a 200-day simple moving average of $72.81. PTC has a 1 year low of $62.05 and a 1 year high of $102.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.23 and a current ratio of 1.23.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. The company had revenue of $335.00 million for the quarter, compared to analysts’ expectations of $333.86 million. PTC had a net margin of 2.33% and a return on equity of 12.23%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities analysts anticipate that PTC will post 1.32 earnings per share for the current fiscal year.
In related news, CEO James E. Heppelmann sold 25,000 shares of PTC stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $74.65, for a total transaction of $1,866,250.00. Also, EVP Kathleen Mitford sold 613 shares of PTC stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $73.39, for a total transaction of $44,988.07. Following the transaction, the executive vice president now directly owns 20,932 shares of the company’s stock, valued at $1,536,199.48. The disclosure for this sale can be found here. Insiders have sold a total of 26,303 shares of company stock worth $1,962,313 in the last ninety days. Insiders own 9.91% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sciencast Management LP purchased a new position in PTC during the 4th quarter valued at about $1,176,000. AE Wealth Management LLC purchased a new position in PTC in the fourth quarter worth about $800,000. Artemis Investment Management LLP purchased a new position in PTC in the fourth quarter worth about $43,293,000. DNB Asset Management AS raised its holdings in PTC by 59.8% in the fourth quarter. DNB Asset Management AS now owns 147,968 shares of the technology company’s stock worth $11,081,000 after buying an additional 55,368 shares during the last quarter. Finally, Capital Investment Services of America Inc. raised its holdings in PTC by 2.3% in the fourth quarter. Capital Investment Services of America Inc. now owns 215,341 shares of the technology company’s stock worth $16,127,000 after buying an additional 4,925 shares during the last quarter. 85.78% of the stock is owned by institutional investors.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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