PTC Inc (NASDAQ:PTC) Receives Consensus Rating of “Hold” from Analysts

Share on StockTwits

Shares of PTC Inc (NASDAQ:PTC) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $90.58.

Several research firms have commented on PTC. Citigroup set a $89.00 price target on shares of PTC and gave the company a “hold” rating in a research report on Friday, July 26th. ValuEngine lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. lowered shares of PTC from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $88.00 to $85.00 in a research report on Thursday, April 25th. BidaskClub lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Wedbush decreased their price target on shares of PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th.

In related news, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total value of $337,850.00. Following the completion of the transaction, the director now directly owns 49,797 shares of the company’s stock, valued at approximately $3,364,783.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Lessner Cohen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 25,672 shares of the company’s stock, valued at $2,310,480. The disclosure for this sale can be found here. Insiders sold a total of 18,950 shares of company stock valued at $1,536,636 over the last ninety days. 9.91% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in PTC during the 1st quarter worth approximately $5,897,000. State of New Jersey Common Pension Fund D raised its position in PTC by 4.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 430,000 shares of the technology company’s stock worth $38,597,000 after buying an additional 20,000 shares during the last quarter. Cleararc Capital Inc. purchased a new position in PTC during the 1st quarter worth approximately $252,000. Robeco Institutional Asset Management B.V. raised its position in PTC by 44.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 7,307 shares of the technology company’s stock worth $656,000 after buying an additional 2,261 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in PTC during the 1st quarter worth approximately $467,000. 90.75% of the stock is owned by institutional investors.

Shares of PTC stock traded up $1.13 during mid-day trading on Monday, hitting $66.51. 16,307 shares of the stock traded hands, compared to its average volume of 2,068,455. The stock has a market cap of $7.34 billion, a P/E ratio of 73.98, a P/E/G ratio of 1.90 and a beta of 1.15. The stock’s fifty day moving average is $79.92 and its two-hundred day moving average is $87.54. PTC has a 52-week low of $62.05 and a 52-week high of $107.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.25 and a quick ratio of 1.32.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The business had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that PTC will post 1.09 EPS for the current fiscal year.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Featured Article: What is a Buy-Side Analyst?

Analyst Recommendations for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.