PTC Inc. (NASDAQ:PTC) Receives $199.73 Consensus Target Price from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Three research 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 brokers that have issued a report on the stock in the last year is $199.73.

PTC has been the topic of several recent research reports. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Mizuho reissued a “neutral” rating and set a $190.00 target price (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Citigroup decreased their price objective on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Barclays boosted their target price on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th.

PTC Stock Performance

NASDAQ:PTC opened at $177.22 on Tuesday. The stock’s 50-day moving average is $178.14 and its 200-day moving average is $180.21. PTC has a 1-year low of $134.61 and a 1-year high of $194.24. 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 stock has a market cap of $21.21 billion, a P/E ratio of 74.15, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, topping 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 the consensus estimate of $575.53 million. Equities research analysts anticipate that PTC will post 3.48 earnings per share for the current year.

Insider Activity at PTC

In other PTC news, COO Michael Ditullio sold 6,592 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the transaction, the chief operating officer now owns 53,148 shares in the company, valued at $9,734,056.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $179.33, for a total value of $717,320.00. Following the sale, the director now owns 48,137 shares in the company, valued at approximately $8,632,408.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Ditullio sold 6,592 shares of PTC stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the transaction, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. Insiders sold 15,846 shares of company stock valued at $2,854,951 in the last three months. Corporate insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PTC. Wellington Management Group LLP grew its holdings in PTC by 1,409.3% during the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after buying an additional 1,569,081 shares in the last quarter. Twin Focus Capital Partners LLC purchased a new stake in shares of PTC in the fourth quarter valued at about $177,081,000. Norges Bank bought a new position in shares of PTC during the fourth quarter valued at about $114,043,000. Balyasny Asset Management L.P. boosted its holdings in PTC by 173.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after purchasing an additional 344,853 shares during the last quarter. Finally, Matrix Capital Management Company LP bought a new stake in PTC in the 1st quarter worth about $56,076,000. Institutional investors own 95.14% of the company’s stock.

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.