PTC Inc. (NASDAQ:PTC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have been given an average rating of “Moderate Buy” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $201.7692.

Several analysts have commented on PTC shares. Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of PTC in a research report on Tuesday. Robert W. Baird set a $255.00 price target on PTC in a report on Wednesday, October 22nd. Piper Sandler reduced their price objective on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Citigroup decreased their price objective on PTC from $185.00 to $181.00 and set a “neutral” rating on the stock in a report on Wednesday.

PTC Stock Performance

NASDAQ:PTC opened at $161.91 on Friday. The stock has a 50-day moving average price of $172.34 and a 200 day moving average price of $191.56. The stock has a market capitalization of $19.25 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.74 and a beta of 1.01. PTC has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. The business had revenue of $1.76 billion during the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. Equities research analysts forecast that PTC will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the sale, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. The trade was a 80.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the transaction, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,277 shares of company stock valued at $10,624,076 over the last three months. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of PTC

A number of institutional investors have recently bought and sold shares of PTC. Root Financial Partners LLC bought a new position in shares of PTC during the third quarter valued at approximately $30,000. SJS Investment Consulting Inc. boosted its holdings in PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 158 shares during the period. Board of the Pension Protection Fund bought a new position in PTC in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its stake in PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after purchasing an additional 53 shares during the period. Finally, Quarry LP increased its stake in PTC by 86.2% in the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after purchasing an additional 94 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.