PTC (NASDAQ:PTC) Upgraded at StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC) from a hold rating to a buy rating in a research report released on Friday.

PTC has been the topic of a number of other reports. Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and reduced their price objective for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $204.83.

PTC Trading Up 0.7 %

NASDAQ:PTC opened at $194.09 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 62.41, a PEG ratio of 2.83 and a beta of 1.17. The firm has a fifty day simple moving average of $180.03 and a two-hundred day simple moving average of $178.28. PTC has a 12 month low of $151.50 and a 12 month high of $199.48.

Hedge Funds Weigh In On PTC

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Blue Trust Inc. lifted its holdings in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Rothschild Investment LLC purchased a new position in PTC during the second quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in PTC during the second quarter valued at approximately $30,000. Finally, OFI Invest Asset Management purchased a new position in PTC during the second quarter valued at approximately $31,000. 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.