PTC (NASDAQ:PTC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC) from a hold rating to a buy rating in a research report report published on Sunday morning.

PTC has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. KeyCorp lifted their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Finally, Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Down 2.3 %

PTC opened at $157.28 on Friday. The business has a 50 day moving average price of $176.46 and a 200 day moving average price of $182.28. PTC has a twelve month low of $155.53 and a twelve month high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $18.92 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last posted its earnings results 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 4.46 EPS for the current year.

Institutional Trading of PTC

A number of large investors have recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. grew its position in PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock valued at $3,174,432,000 after acquiring an additional 1,773,653 shares during the period. Raymond James Financial Inc. bought a new stake in PTC in the fourth quarter valued at $146,712,000. Norges Bank bought a new stake in PTC in the fourth quarter valued at $128,852,000. Fernbridge Capital Management LP grew its position in PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after acquiring an additional 650,990 shares during the period. Finally, D1 Capital Partners L.P. bought a new stake in PTC in the third quarter valued at $84,549,000. 95.14% of the stock is currently owned by 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.