PTC (NASDAQ:PTC) Price Target Increased to $195.00 by Analysts at Rosenblatt Securities

PTC (NASDAQ:PTC) had its price target increased by investment analysts at Rosenblatt Securities from $190.00 to $195.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target points to a potential upside of 9.64% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Barclays boosted 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. Mizuho reiterated a “neutral” rating and issued a $190.00 price objective (down from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Citigroup cut their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Robert W. Baird lifted their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.73.

PTC Stock Up 0.8 %

Shares of NASDAQ:PTC opened at $177.85 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $177.89 and a two-hundred day moving average of $180.22. The stock has a market cap of $21.29 billion, a P/E ratio of 74.41, a PEG ratio of 3.31 and a beta of 1.18. PTC has a 52-week low of $134.61 and a 52-week high of $194.24.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The company had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. On average, research analysts expect that PTC will post 3.48 earnings per share for the current year.

Insider Activity

In other PTC news, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the sale, the director now owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the sale, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders have sold 15,846 shares of company stock valued at $2,854,951 in the last ninety days. 1.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PTC

A number of institutional investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its holdings in PTC by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock valued at $458,000 after purchasing an additional 55 shares in the last quarter. Diversified Trust Co boosted its stake in shares of PTC by 2.9% during the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after acquiring an additional 62 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of PTC by 3.1% during the 1st quarter. Fifth Third Bancorp now owns 2,165 shares of the technology company’s stock worth $409,000 after acquiring an additional 65 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of PTC by 5.4% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after acquiring an additional 74 shares in 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.