PTC (NASDAQ:PTC) had its target price hoisted by KeyCorp from $79.00 to $92.00 in a report released on Friday morning. The brokerage currently has an overweight rating on the technology company’s stock.
Several other brokerages have also recently commented on PTC. Robert W. Baird reiterated a buy rating and set a $83.00 target price on shares of PTC in a research report on Tuesday, March 6th. Evercore ISI reiterated a buy rating and set a $85.00 target price on shares of PTC in a research report on Thursday, January 18th. BidaskClub cut shares of PTC from a buy rating to a hold rating in a research report on Thursday, December 7th. Wedbush reiterated an outperform rating and set a $78.00 target price (up previously from $69.00) on shares of PTC in a research report on Thursday, January 18th. Finally, Mitsubishi UFJ Financial Group reiterated a neutral rating on shares of PTC in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. PTC presently has a consensus rating of Buy and an average price target of $72.44.
PTC (NASDAQ:PTC) opened at $80.40 on Friday. PTC has a 1-year low of $50.68 and a 1-year high of $81.72. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $9,390.00, a price-to-earnings ratio of 446.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.42.
In related news, VP Staats Aaron C. Von sold 7,500 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,964 shares of company stock valued at $2,765,872. 1.19% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Rational Advisors LLC bought a new position in PTC during the 3rd quarter worth about $1,888,000. Lagoda Investment Management L.P. increased its holdings in PTC by 6.7% during the 3rd quarter. Lagoda Investment Management L.P. now owns 135,038 shares of the technology company’s stock worth $7,600,000 after purchasing an additional 8,510 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in PTC during the 3rd quarter worth about $51,958,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in PTC by 6.0% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,153,130 shares of the technology company’s stock worth $70,075,000 after purchasing an additional 65,260 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in PTC during the 4th quarter worth about $510,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.
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PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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