Griffin Securities Weighs in on PTC Inc.'s Q4 2024 Earnings (NASDAQ:PTC)

PTC Inc. (NASDAQ:PTC - Free Report) - Griffin Securities cut their Q4 2024 earnings per share estimates for shares of PTC in a report issued on Tuesday, May 7th. Griffin Securities analyst J. Vleeschhouwer now anticipates that the technology company will post earnings per share of $1.22 for the quarter, down from their previous forecast of $1.23. The consensus estimate for PTC's current full-year earnings is $3.30 per share.

Several other equities research analysts also recently weighed in on the stock. Mizuho lowered their target price on shares of PTC from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. Citigroup dropped their target price on PTC from $195.00 to $187.00 and set a "neutral" rating on the stock in a research note on Thursday, May 2nd. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and issued a $202.00 price target on shares of PTC in a report on Thursday, February 1st. Finally, KeyCorp upped their price target on shares of PTC from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $200.64.

PTC Stock Down 0.0 %

PTC stock traded down $0.05 during mid-day trading on Wednesday, reaching $178.33. 488,523 shares of the company were exchanged, compared to its average volume of 856,174. PTC has a 12-month low of $128.61 and a 12-month high of $194.24. The business has a fifty day moving average of $183.03 and a 200 day moving average of $172.13. The firm has a market cap of $21.35 billion, a P/E ratio of 74.62, a PEG ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32.

Insider Buying and Selling at PTC

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PTC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTC. Metis Global Partners LLC lifted its holdings in shares of PTC by 24.4% in the 3rd quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company's stock valued at $819,000 after purchasing an additional 1,133 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of PTC by 25.2% in the fourth quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company's stock valued at $4,426,000 after acquiring an additional 5,100 shares during the period. Silverberg Bernstein Capital Management LLC purchased a new position in shares of PTC during the fourth quarter worth approximately $9,647,000. Ballentine Partners LLC increased its holdings in shares of PTC by 786.0% in the 4th quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company's stock valued at $2,683,000 after acquiring an additional 13,605 shares during the period. Finally, Wellington Management Group LLP raised its position in PTC by 153.9% in the 3rd quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company's stock valued at $15,775,000 after purchasing an additional 67,493 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

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.