PTC Inc. (NASDAQ:PTC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PTC Inc. (NASDAQ:PTC) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $207.54.

A number of research analysts have recently issued reports on PTC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler upped their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,242 shares of company stock valued at $3,630,716. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of PTC by 762.5% in the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. grew its stake in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Rothschild Investment LLC acquired a new position in PTC in the 2nd quarter valued at about $29,000. International Assets Investment Management LLC bought a new position in PTC in the 2nd quarter valued at about $30,000. Finally, Covestor Ltd lifted its position in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Up 1.0 %

NASDAQ PTC opened at $187.10 on Friday. PTC has a 1-year low of $163.30 and a 1-year high of $203.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $192.29 and its two-hundred day moving average is $181.94. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of 60.16, a PEG ratio of 2.70 and a beta of 1.16.

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.