PTC Inc. (NASDAQ:PTC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• PTC Inc. has received a consensus recommendation of "Moderate Buy" from sixteen analysts, with eleven suggesting a buy and five recommending a hold.
• In the latest earnings report, PTC reported $1.64 earnings per share, significantly surpassing the estimate of $1.22, alongside a 24.2% increase in revenue year-over-year.
• Major analysts have set target prices for PTC shares ranging from $191.00 to $233.00, indicating strong positive expectations for the company’s stock performance.

Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $202.1429.

PTC has been the subject of several recent analyst reports. Robert W. Baird increased their target price on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company restated an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 price objective on PTC in a research report on Thursday, July 31st. Finally, UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th.

PTC Price Performance

Shares of NASDAQ:PTC opened at $212.58 on Wednesday. The business has a 50 day moving average price of $195.16 and a 200 day moving average price of $172.48. PTC has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 50.14, a PEG ratio of 2.28 and a beta of 1.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. During the same quarter in the prior year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. Research analysts predict that PTC will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company's stock.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after buying an additional 473 shares during the period. Mather Group LLC. lifted its position in shares of PTC by 18.3% during the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company's stock worth $131,000 after buying an additional 131 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PTC by 20.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company's stock worth $2,091,000 after buying an additional 2,285 shares during the period. M&T Bank Corp lifted its position in shares of PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after buying an additional 724 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company's stock worth $312,000 after buying an additional 154 shares during the period. Institutional investors 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.

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