Brokerages Set PTC Inc. (NASDAQ:PTC) PT at $210.09

Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $210.09.

Several research firms recently commented on PTC. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank of Canada increased their price target on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Finally, KeyCorp lifted their target price on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th.

PTC Trading Up 1.7 %

Shares of NASDAQ:PTC traded up $2.72 during midday trading on Wednesday, reaching $161.16. The company's stock had a trading volume of 705,488 shares, compared to its average volume of 1,119,674. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC has a 1 year low of $155.53 and a 1 year high of $203.09. The business has a 50 day moving average price of $178.91 and a 200 day moving average price of $182.84.

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

Insider Activity

In other news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by corporate insiders.

Institutional Trading of PTC

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of 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 purchasing an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP increased its holdings in shares of PTC by 542.2% in the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company's stock valued at $3,640,000 after purchasing an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of PTC in the third quarter valued at approximately $84,549,000. Citigroup Inc. increased its holdings in shares of PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company's stock valued at $26,971,000 after purchasing an additional 32,984 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. 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.