PTC (NASDAQ:PTC) Stock Rating Lowered by Wall Street Zen

Key Points

• PTC has been downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen in a recent report.
• The company reported earnings of $1.64 per share for the latest quarter, surpassing analyst expectations of $1.22, with a revenue of $643.94 million, a 24.2% increase year-over-year.
• Institutional investors and hedge funds own a significant 95.14% of PTC's stock, indicating strong institutional confidence in the company.

PTC (NASDAQ:PTC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

PTC has been the topic of a number of other research reports. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday, July 29th. Stifel Nicolaus upped their target price on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $120.00 target price on PTC and gave the stock an "overweight" rating in a report on Tuesday, July 29th. UBS Group reiterated a "buy" rating on shares of PTC in a report on Tuesday, July 29th. Finally, Oppenheimer upped their target price on PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Trading Down 0.4%

Shares of PTC stock traded down $0.86 during trading on Friday, reaching $212.64. 809,552 shares of the stock were exchanged, compared to its average volume of 1,056,751. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average is $199.00 and its 200 day moving average is $173.81. The firm has a market cap of $25.47 billion, a price-to-earnings ratio of 50.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. PTC has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same period in the previous year, the firm posted $0.98 EPS. The business's revenue was up 24.2% on a year-over-year basis. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, equities research analysts expect that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related 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 shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On PTC

Several institutional investors and hedge funds have recently made changes to their positions in PTC. Brooklyn Investment Group boosted its position in shares of PTC by 15.5% in the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company's stock worth $68,000 after acquiring an additional 59 shares during the last quarter. Wahed Invest LLC lifted its position in PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock valued at $539,000 after buying an additional 61 shares in the last quarter. Bellecapital International Ltd. raised its stake in shares of PTC by 4.3% during the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company's stock valued at $276,000 after purchasing an additional 66 shares during the period. Aviso Financial Inc. raised its stake in shares of PTC by 4.1% during the second quarter. Aviso Financial Inc. now owns 1,691 shares of the technology company's stock valued at $291,000 after purchasing an additional 66 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after purchasing an additional 70 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.