PTC Inc. (NASDAQ:PTC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $205.9231.

Several equities research analysts recently commented on the company. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Piper Sandler dropped their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. BMO Capital Markets decreased their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Zacks Research downgraded shares of PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Rosenblatt Securities cut their target price on shares of PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, November 6th.

PTC Price Performance

Shares of NASDAQ PTC opened at $178.50 on Friday. The firm has a market cap of $21.32 billion, a P/E ratio of 29.07, a PEG ratio of 2.16 and a beta of 1.03. PTC has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a quick ratio of 1.43, a current ratio of 1.12 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $190.27 and a 200 day moving average of $191.59.

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

Institutional Trading of PTC

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in PTC in the third quarter worth about $30,000. SJS Investment Consulting Inc. lifted its stake in shares of PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of PTC in the 1st quarter worth approximately $39,000. Versant Capital Management Inc lifted its stake in shares of PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after purchasing an additional 53 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of PTC in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About PTC

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.