Rosenblatt Securities Reaffirms Buy Rating for PTC (NASDAQ:PTC)

Rosenblatt Securities reiterated their buy rating on shares of PTC (NASDAQ:PTC - Free Report) in a report published on Friday, Benzinga reports. They currently have a $195.00 target price on the technology company's stock.

PTC has been the topic of several other reports. StockNews.com lowered PTC from a buy rating to a hold rating in a research report on Wednesday. Oppenheimer upped their target price on PTC from $190.00 to $210.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. KeyCorp upped their target price on PTC from $190.00 to $205.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. Mizuho upped their target price on PTC from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Finally, BMO Capital Markets upped their target price on PTC from $195.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $196.73.

PTC Stock Down 1.2 %

NASDAQ:PTC traded down $2.21 during trading hours on Friday, hitting $180.06. 1,127,633 shares of the company's stock traded hands, compared to its average volume of 839,022. The firm has a market cap of $21.53 billion, a P/E ratio of 92.52, a P/E/G ratio of 3.25 and a beta of 1.17. PTC has a twelve month low of $120.62 and a twelve month 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. The stock's fifty day moving average price is $183.72 and its two-hundred day moving average price is $167.08.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.87% and a net margin of 10.86%. On average, research analysts expect that PTC will post 3.47 earnings per share for the current fiscal year.

Insider Activity at PTC

In related 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 sale, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the SEC, which is available 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was 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 of the company's stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock worth $6,457,478 in the last 90 days. 1.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Steph & Co. acquired a new stake in shares of PTC in the 1st quarter valued at $174,000. Congress Asset Management Co. MA increased its holdings in shares of PTC by 30.4% during the first quarter. Congress Asset Management Co. MA now owns 62,584 shares of the technology company's stock worth $11,825,000 after buying an additional 14,600 shares in the last quarter. Czech National Bank raised its stake in shares of PTC by 1.1% in the first quarter. Czech National Bank now owns 21,035 shares of the technology company's stock valued at $3,974,000 after acquiring an additional 223 shares during the last quarter. Mather Group LLC. acquired a new position in shares of PTC in the 1st quarter worth approximately $109,000. Finally, GAMMA Investing LLC grew its position in PTC by 53.6% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the technology company's stock worth $199,000 after acquiring an additional 368 shares during the last quarter. 95.14% of the stock is currently 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.