PTC (NASDAQ:PTC) Upgraded to “Buy” by StockNews.com

PTC (NASDAQ:PTC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued research reports about the stock. Barclays lifted their price target on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Robert W. Baird restated an “outperform” rating and issued a $210.00 target price on shares of PTC in a research note on Tuesday, April 2nd. KeyCorp boosted their target price on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Mizuho boosted their target price on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.73.

PTC Trading Down 0.6 %

Shares of PTC stock opened at $177.48 on Thursday. PTC has a 1 year low of $120.62 and a 1 year high of $194.24. The firm’s fifty day simple moving average is $183.74 and its 200 day simple moving average is $168.35. The firm has a market capitalization of $21.22 billion, a P/E ratio of 90.09, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The business had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. As a group, sell-side analysts predict that PTC will post 3.47 EPS for the current year.

Insider Activity

In other news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock valued at $6,457,478 in the last ninety days. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in PTC during the 2nd quarter worth approximately $25,000. Clear Street Markets LLC boosted its holdings in shares of PTC by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Legacy Financial Group LLC acquired a new stake in shares of PTC in the 3rd quarter valued at approximately $28,000. Lindbrook Capital LLC boosted its holdings in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of PTC in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds 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.