PTC Inc. (NASDAQ:PTC) Receives $199.73 Average PT from Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $199.73.

PTC has been the subject of a number of research reports. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Citigroup decreased their target price on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird lifted their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, Mizuho reissued a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th.

Insider Transactions at PTC

In related news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Catherine Kniker sold 1,254 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the sale, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the transaction, the director now owns 52,137 shares in the company, valued at approximately $9,290,813.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,846 shares of company stock worth $2,854,951. Corporate insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in shares of PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Blue Trust Inc. increased its position in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. OFI Invest Asset Management purchased a new position in shares of PTC in the second quarter worth approximately $31,000. Finally, Riverview Trust Co bought a new stake in PTC during the first quarter valued at approximately $34,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

PTC stock opened at $177.22 on Tuesday. PTC has a 1-year low of $134.61 and a 1-year high of $194.24. The firm has a market cap of $21.21 billion, a P/E ratio of 74.15, a P/E/G ratio of 3.26 and a beta of 1.18. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $178.14 and a 200-day moving average of $180.21.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The business had revenue of $603.07 million for the quarter, compared to analysts’ expectations of $575.53 million. Sell-side analysts expect that PTC will post 3.48 EPS for the current year.

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.