PTC Inc. (NASDAQ:PTC) Receives $201.09 Average Price Target from Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $200.67.

Several equities analysts have issued reports on PTC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, August 1st. Robert W. Baird increased their price objective on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Insider Buying and Selling

In other news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of PTC by 61.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,658 shares of the technology company’s stock valued at $1,069,000 after buying an additional 2,144 shares during the last quarter. State of Michigan Retirement System raised its holdings in PTC by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 32,754 shares of the technology company’s stock valued at $6,189,000 after acquiring an additional 200 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of PTC by 20.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,160 shares of the technology company’s stock worth $408,000 after purchasing an additional 363 shares during the period. Willis Johnson & Associates Inc. purchased a new stake in shares of PTC in the first quarter valued at $202,000. Finally, Commonwealth Equity Services LLC increased its stake in PTC by 2.6% in the first quarter. Commonwealth Equity Services LLC now owns 3,609 shares of the technology company’s stock valued at $682,000 after purchasing an additional 93 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Up 4.2 %

Shares of NASDAQ:PTC opened at $198.04 on Thursday. The company has a market cap of $23.79 billion, a price-to-earnings ratio of 80.83, a PEG ratio of 2.74 and a beta of 1.17. PTC has a fifty-two week low of $147.95 and a fifty-two week high of $199.48. The firm’s 50-day simple moving average is $179.50 and its 200-day simple moving average is $178.13. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

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.