PTC (NASDAQ:PTC) Downgraded by StockNews.com to “Hold”

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

Several other analysts have also commented on PTC. Piper Sandler increased their price objective on PTC from $155.00 to $177.00 and gave the company a neutral rating in a report on Tuesday, January 9th. Robert W. Baird reiterated an outperform rating and set a $210.00 price objective on shares of PTC in a report on Tuesday, April 2nd. Barclays increased their price objective on PTC from $198.00 to $215.00 and gave the company an overweight rating in a report on Thursday, April 11th. Oppenheimer increased their price objective on PTC from $190.00 to $210.00 and gave the company an outperform rating in a report on Thursday, February 1st. Finally, KeyCorp increased their price objective on PTC from $190.00 to $205.00 and gave the company an overweight rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of Moderate Buy and a consensus price target of $202.40.

PTC Stock Up 0.6 %

Shares of NASDAQ PTC opened at $180.99 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $21.64 billion, a PE ratio of 91.87, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The stock’s fifty day simple moving average is $183.55 and its two-hundred day simple moving average is $170.25. PTC has a 12-month low of $120.62 and a 12-month high of $194.24.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. As a group, analysts expect that PTC will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 in the last 90 days. Insiders own 1.17% of the company’s stock.

Hedge Funds Weigh In On PTC

A number of institutional investors have recently modified their holdings of PTC. Legacy Financial Group LLC purchased a new position in shares of PTC during the 3rd quarter valued at about $28,000. Lindbrook Capital LLC raised its stake in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the last quarter. Riverview Trust Co purchased a new position in shares of PTC during the 1st quarter valued at about $34,000. Resources Management Corp CT ADV raised its stake in shares of PTC by 4,285.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of PTC during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.