PTC Inc. (NASDAQ:PTC - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $146.92 and last traded at $147.90, with a volume of 116930 shares trading hands. The stock had previously closed at $157.16.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Finally, KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $210.09.
Read Our Latest Analysis on PTC
PTC Price Performance
The stock has a market capitalization of $16.70 billion, a P/E ratio of 42.77, a PEG ratio of 2.27 and a beta of 1.17. The company's 50 day simple moving average is $165.18 and its two-hundred day simple moving average is $180.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.
PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.
Insider Transactions at PTC
In other news, Director Corinna Lathan sold 622 shares of the business's 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 sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.
Institutional Trading of PTC
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock valued at $39,212,000 after purchasing an additional 9,893 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after acquiring an additional 135,677 shares during the last quarter. Oak Thistle LLC acquired a new stake in PTC during the 4th quarter worth $1,113,000. Proficio Capital Partners LLC bought a new stake in shares of PTC during the 4th quarter valued at $8,858,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of PTC in the 4th quarter valued at $223,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.
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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