PTC Inc. (NASDAQ:PTC - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $213.14 and last traded at $210.47, with a volume of 4171618 shares changing hands. The stock had previously closed at $178.90.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PTC shares. Oppenheimer restated a "cautious" rating on shares of PTC in a research note on Thursday, June 12th. Stifel Nicolaus decreased their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. BMO Capital Markets upped their price target on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Mizuho decreased their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 price target on shares of PTC in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $189.23.
Read Our Latest Analysis on PTC
PTC Stock Down 0.6%
The business has a 50-day moving average price of $171.26 and a two-hundred day moving average price of $168.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm has a market cap of $23.21 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The business had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 15.35% and a net margin of 18.77%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, equities research analysts expect that PTC Inc. will post 4.46 EPS for the current year.
Insider Buying and Selling
In related news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 transaction, the executive vice president owned 17,731 shares of the company's stock, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.
Hedge Funds Weigh In On PTC
Several hedge funds have recently made changes to their positions in PTC. Jones Financial Companies Lllp grew its holdings in shares of PTC by 1,140.5% during the fourth 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 last quarter. Assetmark Inc. grew its holdings in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the last quarter. Atria Investments Inc grew its holdings in shares of PTC by 10.5% during the fourth quarter. Atria Investments Inc now owns 2,714 shares of the technology company's stock worth $499,000 after buying an additional 259 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PTC during the fourth quarter worth about $8,858,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of PTC by 6.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,799 shares of the technology company's stock worth $1,802,000 after buying an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.
About PTC
(
Get Free Report)
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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