PTC (NASDAQ:PTC) Stock Rating Lowered by StockNews.com

PTC (NASDAQ:PTC - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the company. Oppenheimer boosted their target price on PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $202.00 target price on shares of PTC in a report on Thursday, February 1st. Barclays boosted their target price on PTC from $198.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. BMO Capital Markets boosted their target price on PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Finally, KeyCorp upped their price objective on PTC from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $202.40.

PTC Stock Up 0.6 %

Shares of NASDAQ:PTC traded up $1.11 on Friday, hitting $180.99. 742,701 shares of the company's stock were exchanged, compared to its average volume of 657,853. The firm's 50-day moving average is $183.55 and its 200 day moving average is $170.25. The company has a market capitalization of $21.64 billion, a PE ratio of 91.87, a P/E/G ratio of 3.21 and a beta of 1.17. PTC has a 1-year low of $120.62 and a 1-year high of $194.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to analysts' expectations of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. Sell-side analysts predict that PTC will post 3.47 EPS for the current year.

Insider Buying and Selling at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company's stock, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James E. Heppelmann sold 35,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock valued at $6,457,478 in the last ninety days. Insiders own 1.17% of the company's stock.

Institutional Investors Weigh In On PTC

Institutional investors and hedge funds have recently modified their holdings of the company. Legacy Financial Group LLC acquired a new stake in shares of PTC in the 3rd quarter worth approximately $28,000. Lindbrook Capital LLC grew its holdings in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock worth $31,000 after acquiring an additional 91 shares during the period. Riverview Trust Co acquired a new stake in PTC during the 1st quarter valued at $34,000. Resources Management Corp CT ADV grew its holdings in PTC by 4,285.7% during 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 last quarter. Finally, Principal Securities Inc. acquired a new stake in PTC during the 4th quarter valued at $46,000. Institutional investors and hedge funds 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.