PTC (NASDAQ:PTC) Rating Lowered to "Hold" at StockNews.com

PTC (NASDAQ:PTC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

PTC has been the topic of several other reports. KeyCorp lifted their price objective 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 lifted their price objective 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. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and an average price target of $210.09.

PTC Price Performance

PTC stock traded up $3.17 during mid-day trading on Thursday, hitting $171.10. The company's stock had a trading volume of 1,445,065 shares, compared to its average volume of 1,040,106. PTC has a twelve month low of $163.30 and a twelve month high of $203.09. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $20.59 billion, a P/E ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19. The stock's fifty day moving average price is $186.10 and its two-hundred day moving average price is $183.44.

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 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%. Research analysts forecast that PTC will post 4.62 earnings per share for the current year.

Insider Activity at PTC

In related news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of 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. In the last 90 days, insiders sold 18,242 shares of company stock valued at $3,630,716. Insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wahed Invest LLC raised its holdings in PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after acquiring an additional 61 shares during the period. Palestra Capital Management LLC raised its holdings in PTC by 17.0% in the 4th quarter. Palestra Capital Management LLC now owns 914,948 shares of the technology company's stock worth $168,231,000 after acquiring an additional 132,690 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in PTC by 1,648.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,657 shares of the technology company's stock worth $4,901,000 after acquiring an additional 25,132 shares during the period. Kapitalo Investimentos Ltda bought a new position in PTC in the 4th quarter worth $51,000. Finally, Utah Retirement Systems raised its holdings in PTC by 0.5% in the 4th quarter. Utah Retirement Systems now owns 19,577 shares of the technology company's stock worth $3,600,000 after acquiring an additional 100 shares during the period. Institutional investors own 95.14% of the company's stock.

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.