PTC Inc. (NASDAQ:PTC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

PTC Inc. (NASDAQ:PTC - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $190.38.

A number of brokerages have recently commented on PTC. Barclays reduced their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Mizuho lowered their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.32% of the company's stock.

Institutional Trading of PTC

Several hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of PTC by 11.4% during the 4th 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 buying an additional 1,773,653 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PTC during the 4th quarter valued at $146,712,000. Norges Bank purchased a new stake in PTC during the fourth quarter valued at about $128,852,000. GAMMA Investing LLC increased its position in PTC by 13,184.0% during the 1st quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after purchasing an additional 342,784 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of PTC in the fourth quarter worth $59,506,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

Shares of PTC stock traded up $2.39 during trading on Thursday, hitting $154.03. 1,016,811 shares of the stock traded hands, compared to its average volume of 876,202. PTC has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average is $154.42 and its 200-day moving average is $176.31. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results 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%. Research analysts expect that PTC will post 4.46 EPS 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.