PTC Inc. (NASDAQ:PTC) Given Average Rating of "Hold" by Analysts

Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $189.23.

PTC has been the subject of several analyst reports. Wall Street Zen cut shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays reduced their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Robert W. Baird boosted their price objective on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Piper Sandler reduced their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Mizuho reduced their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president owned 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of PTC

A number of hedge funds and other institutional investors have recently made changes to their positions in PTC. Jones Financial Companies Lllp boosted its holdings in PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after purchasing an additional 422 shares during the period. Assetmark Inc. boosted its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the period. Atria Investments Inc boosted its holdings in PTC by 10.5% in the fourth quarter. Atria Investments Inc now owns 2,714 shares of the technology company's stock worth $499,000 after purchasing an additional 259 shares during the period. M&T Bank Corp boosted its holdings in shares of PTC by 13.7% during the fourth quarter. M&T Bank Corp now owns 8,798 shares of the technology company's stock valued at $1,618,000 after acquiring an additional 1,061 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of PTC during the fourth quarter valued at $8,858,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.7%

Shares of PTC opened at $174.82 on Tuesday. The stock has a fifty day simple moving average of $168.21 and a two-hundred day simple moving average of $167.62. PTC has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $20.97 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. The business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $1.46 earnings per share. As a group, equities analysts forecast that PTC will post 4.46 EPS for the current year.

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.

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