PTC (NASDAQ:PTC) Stock Rating Lowered by Wall Street Zen

PTC (NASDAQ:PTC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

PTC has been the topic of a number of other research reports. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Rosenblatt Securities reduced their price objective on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Piper Sandler decreased their price objective on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Robert W. Baird set a $255.00 target price on shares of PTC in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets decreased their price target on shares of PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.92.

PTC Price Performance

Shares of NASDAQ PTC opened at $173.52 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $189.69 and its 200 day moving average price is $191.59. PTC has a 52 week low of $133.38 and a 52 week high of $219.69. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.17 and a beta of 1.03.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. The company had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. As a group, research analysts forecast that PTC will post 4.46 earnings per share for the current fiscal year.

Institutional Trading of PTC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC boosted its position in shares of PTC by 49.8% in the first quarter. New Age Alpha Advisors LLC now owns 629 shares of the technology company’s stock worth $97,000 after acquiring an additional 209 shares during the last quarter. Vanguard Group Inc. raised its stake in PTC by 0.3% during the first quarter. Vanguard Group Inc. now owns 14,332,180 shares of the technology company’s stock worth $2,220,771,000 after purchasing an additional 39,688 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in PTC during the first quarter worth approximately $180,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of PTC by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 865,034 shares of the technology company’s stock valued at $134,037,000 after purchasing an additional 43,072 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of PTC by 13.6% during the 1st quarter. Deutsche Bank AG now owns 785,786 shares of the technology company’s stock worth $121,758,000 after buying an additional 93,788 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.