PTC (NASDAQ:PTC) Reaches New 1-Year High at $149.08


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PTC Inc. (NASDAQ:PTC) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.08 and last traded at $149.02, with a volume of 1860 shares. The stock had previously closed at $143.22.

PTC has been the topic of several research reports. Loop Capital increased their target price on PTC from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, December 16th. Deutsche Bank Aktiengesellschaft increased their target price on PTC from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, December 21st. Zacks Investment Research raised PTC from a “sell” rating to a “hold” rating and set a $137.00 target price on the stock in a research note on Monday, January 25th. Needham & Company LLC increased their price target on PTC from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, December 16th. Finally, Royal Bank of Canada raised PTC from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $145.00 in a research report on Thursday, January 28th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. PTC presently has a consensus rating of “Buy” and an average price target of $118.44.

The business has a 50 day moving average of $135.55 and a 200-day moving average of $115.22. The stock has a market cap of $17.22 billion, a PE ratio of 126.74, a P/E/G ratio of 5.19 and a beta of 1.33. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 27th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.31. PTC had a return on equity of 16.53% and a net margin of 8.96%. The firm had revenue of $429.05 million for the quarter, compared to the consensus estimate of $382.18 million. During the same quarter last year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Research analysts expect that PTC Inc. will post 1.56 EPS for the current fiscal year.

In other PTC news, Director Phillip M. Fernandez sold 250 shares of PTC stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $132.37, for a total value of $33,092.50. Following the transaction, the director now directly owns 19,804 shares in the company, valued at approximately $2,621,455.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Ditullio sold 5,725 shares of PTC stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $123.92, for a total value of $709,442.00. Following the completion of the transaction, the executive vice president now owns 41,429 shares in the company, valued at $5,133,881.68. The disclosure for this sale can be found here. Insiders sold a total of 33,902 shares of company stock worth $4,556,365 over the last quarter. Company insiders own 10.02% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Curi Capital acquired a new stake in shares of PTC in the 4th quarter valued at approximately $500,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of PTC by 12.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 47,032 shares of the technology company’s stock valued at $5,625,000 after buying an additional 5,281 shares during the period. Tealwood Asset Management Inc. acquired a new stake in shares of PTC in the 4th quarter valued at approximately $1,520,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of PTC by 3.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 16,728 shares of the technology company’s stock valued at $2,001,000 after buying an additional 600 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in PTC by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 378,884 shares of the technology company’s stock worth $45,318,000 after purchasing an additional 39,788 shares during the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.

PTC Company Profile (NASDAQ:PTC)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an IIoT platform that enables customers to address digital transformation of their operations, products, and services; ThingWorx Solution Central, a centralized portal in the cloud that allows users of ThingWorx to discover, deploy, and manage ThingWorx applications; and ThingWorx Kepware, which enables users to connect, manage, monitor, and control disparate devices and software applications.

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