PTC (NASDAQ:PTC) Hits New 12-Month Low – Should You Sell?

Shares of PTC Inc. (NASDAQ:PTC) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $162.11 and last traded at $163.59, with a volume of 200293 shares changing hands. The stock had previously closed at $165.76.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird boosted 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. Finally, Piper Sandler raised their target price on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.27 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company’s 50 day simple moving average is $182.89 and its 200-day simple moving average is $183.14.

PTC (NASDAQ:PTC) last posted 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%. On average, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now directly owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,539 shares of company stock valued at $3,301,697 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after buying an additional 5,717 shares during the last quarter. Mirabella Financial Services LLP increased its holdings in shares of PTC by 542.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after acquiring an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the 3rd quarter valued at approximately $84,549,000. Citigroup Inc. lifted its stake in PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after purchasing an additional 32,984 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares during the period. 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.