PTC (NASDAQ:PTC - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Saturday.
A number of other research firms have also weighed in on PTC. Robert W. Baird increased 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. KeyCorp raised their target price 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 report on Monday, December 2nd. Piper Sandler raised their target price on shares of PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, PTC currently has a consensus rating of "Moderate Buy" and an average target price of $210.09.
Check Out Our Latest Research Report on PTC
PTC Trading Down 1.3 %
PTC stock traded down $2.12 during midday trading on Friday, reaching $158.44. The stock had a trading volume of 1,063,602 shares, compared to its average volume of 1,130,146. 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 52-week low of $155.53 and a 52-week high of $203.09. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a fifty day moving average of $178.91 and a 200 day moving average of $182.84.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, analysts anticipate that PTC will post 4.46 earnings per share for the current fiscal year.
Insider Activity
In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm's 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 sale, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.32% of the company's stock.
Institutional Investors Weigh In On PTC
Institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in PTC in the fourth quarter valued at approximately $30,000. Covestor Ltd boosted its stake in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock valued at $35,000 after acquiring an additional 80 shares in the last quarter. Allworth Financial LP boosted its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Pinney & Scofield Inc. acquired a new stake in PTC in the fourth quarter valued at approximately $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in PTC in the fourth quarter valued at approximately $51,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.
About PTC
(
Get Free Report)
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.
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