Analysts Set PTC Inc. (NASDAQ:PTC) PT at $196.73

PTC Inc. (NASDAQ:PTC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $196.73.

PTC has been the topic of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. Piper Sandler raised their price target on shares of PTC from $155.00 to $177.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. BMO Capital Markets raised their price target on shares of PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. KeyCorp raised 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. Finally, Oppenheimer raised their price target on shares of PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st.

PTC Price Performance

Shares of NASDAQ PTC traded down $2.21 during trading hours on Friday, hitting $180.06. 1,139,633 shares of the stock were exchanged, compared to its average volume of 624,035. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $21.53 billion, a PE ratio of 91.40, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The company's fifty day simple moving average is $183.75 and its two-hundred day simple moving average is $167.76. PTC has a 1-year low of $120.62 and a 1-year high of $194.24.

PTC (NASDAQ:PTC - Get Free Report) last issued its 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. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. On average, sell-side analysts predict that PTC will post 3.47 EPS for the current year.

Insider Buying and Selling

In related news, insider Catherine Kniker sold 1,330 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of the business's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the business's stock in a transaction dated 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 owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in PTC in the first quarter valued at about $34,000. Steph & Co. purchased a new stake in shares of PTC during the 1st quarter valued at approximately $174,000. Congress Asset Management Co. MA lifted its stake in shares of PTC by 30.4% during the 1st quarter. Congress Asset Management Co. MA now owns 62,584 shares of the technology company's stock valued at $11,825,000 after buying an additional 14,600 shares in the last quarter. Czech National Bank lifted its stake in shares of PTC by 1.1% during the 1st quarter. Czech National Bank now owns 21,035 shares of the technology company's stock valued at $3,974,000 after buying an additional 223 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of PTC during the 1st quarter valued at approximately $109,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

About PTC

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.