According to Zacks, “PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company’s Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts. “
Other research analysts have also recently issued reports about the company. Evercore ISI started coverage on PTC in a report on Wednesday, September 14th. They set a buy rating and a $50.00 price objective for the company. Citigroup Inc. started coverage on PTC in a report on Monday, August 1st. They issued a buy rating and a $48.00 price target for the company. Finally, Wedbush reaffirmed an outperform rating and issued a $43.00 price target on shares of PTC in a report on Friday, July 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. PTC currently has an average rating of Buy and a consensus target price of $41.70.
PTC (NASDAQ:PTC) opened at 45.44 on Thursday. The company’s market cap is $5.22 billion. PTC has a 12 month low of $27.06 and a 12 month high of $46.80. The company has a 50-day moving average of $43.28 and a 200-day moving average of $38.38.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.05. The company had revenue of $289.70 million for the quarter, compared to the consensus estimate of $288.77 million. PTC had a negative net margin of 1.60% and a positive return on equity of 16.92%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Analysts predict that PTC will post $1.38 EPS for the current year.
In other news, EVP Matthew Lessner Cohen sold 8,000 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $42.57, for a total transaction of $340,560.00. Following the completion of the transaction, the executive vice president now directly owns 14,607 shares in the company, valued at approximately $621,819.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Schechter sold 1,136 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $45.02, for a total value of $51,142.72. Following the transaction, the director now owns 60,035 shares of the company’s stock, valued at $2,702,775.70. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in PTC by 6.4% in the second quarter. Macquarie Group Ltd. now owns 1,355,918 shares of the company’s stock valued at $50,955,000 after buying an additional 81,080 shares during the last quarter. Mason Street Advisors LLC bought a new position in PTC during the second quarter valued at about $1,964,000. CI Investments Inc. bought a new position in PTC during the second quarter valued at about $673,000. Royal Bank of Canada raised its position in PTC by 0.8% in the second quarter. Royal Bank of Canada now owns 623,874 shares of the company’s stock valued at $23,445,000 after buying an additional 4,996 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in PTC by 171.8% in the second quarter. Public Employees Retirement System of Ohio now owns 88,402 shares of the company’s stock valued at $3,322,000 after buying an additional 55,874 shares during the last quarter. Institutional investors own 95.12% of the company’s stock.
PTC Company Profile
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
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