PTC (PTC) Projected to Post Earnings on Wednesday

PTC (NASDAQ:PTC - Get Free Report) is expected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect PTC to post earnings of $0.92 per share and revenue of $554,885.60 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

PTC Stock Performance

NASDAQ PTC traded up $0.77 during trading hours on Wednesday, hitting $188.67. The company had a trading volume of 343,855 shares, compared to its average volume of 706,273. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $191.29 and a 200-day simple moving average of $183.01. The firm has a market cap of $22.71 billion, a P/E ratio of 60.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18.

Insider Activity

In other PTC news, CAO Alice Christenson sold 1,703 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The shares were 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 $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PTC shares. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and dropped their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.54.

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.