PTC Inc. (NASDAQ:PTC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• PTC Inc. has received a consensus rating of "Moderate Buy" from 16 analysts, with 11 analysts recommending buy and 5 suggesting hold.
• BMO Capital Markets raised its price target for PTC shares from $187.00 to $231.00, indicating confidence in the company's performance.
• PTC reported $1.64 earnings per share for the last quarter, exceeding estimates significantly and showing a 24.2% year-over-year revenue increase.

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 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 price objective among brokers that have issued ratings on the stock in the last year is $202.14.

A number of research firms have issued reports on PTC. BMO Capital Markets increased their target price on shares of PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday. Piper Sandler upped their price target on shares of PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. reissued a "neutral" rating and set a $160.00 price objective (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. KeyCorp restated an "overweight" rating and issued a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a research report on Tuesday.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president owned 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company's stock.

Institutional Trading of PTC

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of PTC by 16.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,632 shares of the technology company's stock valued at $668,000 after buying an additional 523 shares in the last quarter. LPL Financial LLC grew its holdings in PTC by 14.6% during the 4th quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock worth $3,294,000 after acquiring an additional 2,285 shares during the last quarter. Blair William & Co. IL increased its position in PTC by 6.2% in the 4th quarter. Blair William & Co. IL now owns 2,727 shares of the technology company's stock valued at $501,000 after acquiring an additional 159 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of PTC in the fourth quarter worth about $77,000. Finally, Orion Portfolio Solutions LLC lifted its position in shares of PTC by 16.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,603 shares of the technology company's stock worth $1,214,000 after purchasing an additional 952 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Trading Down 1.3%

PTC stock opened at $212.11 on Friday. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. PTC has a 1 year low of $133.38 and a 1 year high of $219.69. The firm's 50 day moving average price is $181.28 and its two-hundred day moving average price is $169.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. During the same period last year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. On average, research analysts predict that PTC will post 4.46 EPS 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.

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