PTC (NASDAQ:PTC) Given New $185.00 Price Target at Robert W. Baird

PTC (NASDAQ:PTC - Get Free Report) had its target price upped by Robert W. Baird from $181.00 to $185.00 in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has an "outperform" rating on the technology company's stock. Robert W. Baird's price target indicates a potential upside of 22.46% from the company's current price.

A number of other brokerages have also commented on PTC. KeyCorp cut their price target on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Barclays decreased their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Finally, Mizuho dropped their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, PTC has an average rating of "Moderate Buy" and a consensus price target of $192.08.

PTC Price Performance

NASDAQ:PTC traded down $0.57 during trading hours on Tuesday, hitting $151.07. The company's stock had a trading volume of 6,661 shares, compared to its average volume of 872,011. PTC has a twelve month low of $133.38 and a twelve month high of $203.09. 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 fifty day simple moving average of $154.76 and a 200-day simple moving average of $176.48. The company has a market capitalization of $18.18 billion, a P/E ratio of 46.59, a PEG ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released 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 return on equity of 14.49% and a net margin of 16.95%. On average, analysts anticipate that PTC will post 4.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PTC

A number of large investors have recently bought and sold shares of PTC. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after buying an additional 9,893 shares during the period. JPMorgan Chase & Co. increased its position in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after acquiring an additional 135,677 shares during the period. Oak Thistle LLC purchased a new position in shares of PTC in the fourth quarter valued at about $1,113,000. Proficio Capital Partners LLC purchased a new stake in shares of PTC during the fourth quarter worth about $8,858,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of PTC in the fourth quarter worth about $223,000. 95.14% of the stock is owned by hedge funds and other 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.