PTC Inc. (NASDAQ:PTC) Given Average Recommendation of "Moderate Buy" by Brokerages

PTC Inc. (NASDAQ:PTC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $187.15.

A number of brokerages have issued reports on PTC. KeyCorp decreased their target price on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Thursday, May 1st. Barclays cut their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares during the period. Proficio Capital Partners LLC bought a new position in shares of PTC during the 4th quarter worth about $8,858,000. Avantax Advisory Services Inc. bought a new position in shares of PTC during the 4th quarter worth about $223,000. Jones Financial Companies Lllp increased its holdings in shares of PTC by 1,140.5% during the 4th 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. Finally, Choreo LLC bought a new position in shares of PTC during the 4th quarter worth about $364,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.9%

Shares of NASDAQ:PTC traded down $1.60 during trading on Monday, reaching $168.77. 692,218 shares of the company traded hands, compared to its average volume of 877,680. The firm has a fifty day simple moving average of $156.00 and a 200 day simple moving average of $173.56. The firm has a market cap of $20.24 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC has a 1-year low of $133.38 and a 1-year high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. Analysts anticipate that PTC will post 4.46 earnings per share for the current fiscal year.

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.