PTC Inc. (NASDAQ:PTC) Receives $192.08 Average Price Target from Analysts

PTC Inc. (NASDAQ:PTC - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $190.38.

PTC has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Oppenheimer dropped their target price on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. KeyCorp dropped their target price on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th.

PTC Stock Performance

PTC stock traded up $1.82 during trading hours on Thursday, reaching $153.65. 660,822 shares of the stock were exchanged, compared to its average volume of 876,283. The stock has a market cap of $18.49 billion, a P/E ratio of 47.42, a P/E/G ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC has a 52-week low of $133.38 and a 52-week high of $203.09. The firm's 50 day moving average is $153.82 and its 200 day moving average is $175.89.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Analysts predict that PTC will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Institutional Trading of PTC

Institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter worth $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC during the 1st quarter worth $26,000. Allworth Financial LP increased its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of PTC during the 4th quarter worth $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the 4th quarter worth $51,000. 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.