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

PTC Inc. (NASDAQ:PTC - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $160.25 and last traded at $159.94, with a volume of 670062 shares. The stock had previously closed at $163.63.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. Citigroup decreased their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Piper Sandler raised their target price on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Royal Bank of Canada raised their price target on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $210.09.

PTC Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $19.43 billion, a PE ratio of 49.90, a PEG ratio of 2.27 and a beta of 1.19. The company has a 50 day moving average price of $178.39 and a 200-day moving average price of $182.69.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. As a group, analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On PTC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH boosted its holdings in PTC by 3,885.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 70,701 shares of the technology company's stock worth $12,047,000 after acquiring an additional 68,927 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PTC during the 4th quarter valued at about $10,724,000. Ascent Group LLC increased its stake in PTC by 11.4% during the 4th quarter. Ascent Group LLC now owns 15,295 shares of the technology company's stock valued at $2,812,000 after purchasing an additional 1,560 shares in the last quarter. Mackenzie Financial Corp raised its holdings in PTC by 11.4% in the fourth quarter. Mackenzie Financial Corp now owns 10,868 shares of the technology company's stock worth $1,998,000 after buying an additional 1,109 shares during the last quarter. Finally, Wormser Freres Gestion lifted its stake in shares of PTC by 0.4% in the fourth quarter. Wormser Freres Gestion now owns 48,146 shares of the technology company's stock worth $8,911,000 after buying an additional 168 shares in the last quarter. 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.