PTC (NASDAQ:PTC) Given New $216.00 Price Target at Robert W. Baird

PTC (NASDAQ:PTC - Get Free Report) had its price objective boosted by stock analysts at Robert W. Baird from $210.00 to $216.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Robert W. Baird's target price points to a potential upside of 26.61% from the stock's previous close.

A number of other analysts also recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. JPMorgan Chase & Co. upgraded shares of PTC from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $130.00 to $200.00 in a report on Thursday, January 4th. Oppenheimer increased their price objective on shares of PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Barclays increased their price objective on shares of PTC from $198.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Finally, StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Saturday, April 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $200.64.

PTC Price Performance

PTC stock traded down $4.36 during midday trading on Thursday, reaching $170.60. The company had a trading volume of 2,101,413 shares, compared to its average volume of 857,120. The company has a market capitalization of $20.40 billion, a P/E ratio of 86.60, a P/E/G ratio of 3.17 and a beta of 1.19. PTC has a 12-month low of $124.42 and a 12-month high of $194.24. The firm's fifty day simple moving average is $183.40 and its 200-day simple moving average is $170.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. As a group, equities analysts anticipate that PTC will post 3.47 EPS for the current year.

Insider Activity 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 sale, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares of the company's stock, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Catherine Kniker sold 1,330 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company's stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Financial Group LLC purchased a new position in PTC in the 3rd quarter valued at approximately $28,000. Lindbrook Capital LLC boosted its position in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock valued at $31,000 after buying an additional 91 shares during the period. Riverview Trust Co purchased a new position in PTC in the 1st quarter valued at approximately $34,000. Resources Management Corp CT ADV boosted its position in PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company's stock valued at $43,000 after buying an additional 300 shares during the period. Finally, Principal Securities Inc. purchased a new position in PTC in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

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.