PTC (NASDAQ:PTC) Hits New 1-Year Low – Time to Sell?

PTC Inc. (NASDAQ:PTC) reached a new 52-week low during trading on Thursday . The company traded as low as $155.02 and last traded at $155.52, with a volume of 24955 shares changing hands. The stock had previously closed at $157.00.

Analysts Set New Price Targets

A number of research firms recently commented on PTC. Citigroup dropped their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 2.27 and a beta of 1.22. The company’s 50 day moving average is $174.75 and its 200 day moving average is $181.77.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PTC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTC. T. Rowe Price Investment Management Inc. raised its position in PTC by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock worth $3,174,432,000 after acquiring an additional 1,773,653 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PTC during the fourth quarter worth about $146,712,000. Norges Bank purchased a new stake in shares of PTC during the fourth quarter worth about $128,852,000. Fernbridge Capital Management LP grew its holdings in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares in the last quarter. Finally, D1 Capital Partners L.P. purchased a new stake in shares of PTC during the third quarter worth about $84,549,000. 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.