PTC Inc. (NASDAQ:PTC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $210.09.

Several brokerages have commented on PTC. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird increased their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler increased their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Creative Planning grew its stake in shares of PTC by 20.5% in the 2nd quarter. Creative Planning now owns 5,185 shares of the technology company’s stock valued at $942,000 after purchasing an additional 882 shares during the period. Sanctuary Advisors LLC bought a new stake in PTC in the second quarter valued at $519,000. Park Avenue Securities LLC acquired a new position in PTC during the third quarter worth $276,000. Czech National Bank lifted its holdings in shares of PTC by 7.2% during the third quarter. Czech National Bank now owns 24,472 shares of the technology company’s stock valued at $4,421,000 after acquiring an additional 1,654 shares during the period. Finally, CWM LLC boosted its stake in shares of PTC by 12.5% in the 3rd quarter. CWM LLC now owns 8,089 shares of the technology company’s stock valued at $1,461,000 after purchasing an additional 900 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 0.8 %

PTC stock opened at $166.57 on Friday. The firm has a 50-day simple moving average of $188.05 and a 200-day simple moving average of $183.62. PTC has a 52 week low of $163.30 and a 52 week high of $203.09. The stock has a market capitalization of $20.05 billion, a P/E ratio of 51.41, a P/E/G ratio of 2.33 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Equities analysts forecast that PTC will post 4.62 earnings per share for the current fiscal year.

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.