Brokerages Set PTC Inc. (NASDAQ:PTC) PT at $207.54

PTC Inc. (NASDAQ:PTC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $207.54.

Several research firms recently issued reports on PTC. Rosenblatt Securities reaffirmed a "buy" rating and set a $195.00 price target on shares of PTC in a research note on Thursday, October 10th. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their price objective on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Berenberg Bank downgraded shares of PTC from a "buy" rating to a "hold" rating and decreased their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st.

PTC Trading Up 0.2 %

Shares of NASDAQ PTC traded up $0.45 on Friday, reaching $187.58. 2,158,103 shares of the company traded hands, compared to its average volume of 806,153. The company has a 50 day moving average of $192.29 and a 200 day moving average of $181.73. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The stock has a market capitalization of $22.53 billion, a PE ratio of 60.32, a P/E/G ratio of 2.70 and a beta of 1.16.

Insider Activity at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares in the company, valued at $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 available at this hyperlink. Also, Director Corinna Lathan sold 860 shares of PTC stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares of the company's stock, valued at $1,368,600. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock worth $3,630,716 over the last three months. Company insiders own 1.17% of the company's stock.

Institutional Trading of PTC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in PTC by 67.7% during the third quarter. US Bancorp DE now owns 14,165 shares of the technology company's stock worth $2,559,000 after buying an additional 5,717 shares during the last quarter. Mirabella Financial Services LLP boosted its stake in PTC by 542.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company's stock worth $3,640,000 after acquiring an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. bought a new position in PTC during the 3rd quarter worth approximately $84,549,000. Citigroup Inc. grew its holdings in PTC by 28.4% during 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 during the period. Finally, KBC Group NV increased its stake in PTC by 2.1% in the third quarter. KBC Group NV now owns 228,386 shares of the technology company's stock valued at $41,260,000 after purchasing an additional 4,712 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

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.