PTC (NASDAQ:PTC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC - Free Report) from a hold rating to a buy rating in a research report report published on Friday.

Several other equities analysts also recently commented on PTC. KeyCorp increased 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. Royal Bank of Canada increased their price objective on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Finally, Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $210.09.

PTC Trading Down 2.5 %

Shares of NASDAQ:PTC traded down $4.11 during mid-day trading on Friday, hitting $161.65. The stock had a trading volume of 902,434 shares, compared to its average volume of 1,117,583. The company's 50 day moving average is $183.63 and its 200-day moving average is $183.18. The company has a market cap of $19.45 billion, a PE ratio of 49.89, a P/E/G ratio of 2.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC has a 12-month low of $161.02 and a 12-month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, sell-side analysts predict that PTC will post 4.46 EPS for the current year.

Insider Transactions at PTC

In related news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,539 shares of company stock valued at $3,301,697. Corporate insiders own 0.32% of the company's stock.

Institutional Trading of PTC

A number of institutional investors have recently modified their holdings of PTC. Ascent Group LLC lifted its stake in shares of PTC by 11.4% during the 4th quarter. Ascent Group LLC now owns 15,295 shares of the technology company's stock worth $2,812,000 after buying an additional 1,560 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of PTC by 11.4% during the 4th quarter. Mackenzie Financial Corp now owns 10,868 shares of the technology company's stock valued at $1,998,000 after acquiring an additional 1,109 shares during the period. Wormser Freres Gestion increased its stake in PTC by 0.4% in the fourth quarter. Wormser Freres Gestion now owns 48,146 shares of the technology company's stock valued at $8,911,000 after acquiring an additional 168 shares during the last quarter. Toronto Dominion Bank grew its position in PTC by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 64,257 shares of the technology company's stock valued at $11,815,000 after acquiring an additional 4,963 shares during the last quarter. Finally, North Star Asset Management Inc. grew its holdings in shares of PTC by 0.6% during the 4th quarter. North Star Asset Management Inc. now owns 145,274 shares of the technology company's stock valued at $26,712,000 after purchasing an additional 859 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

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.