PTC (NASDAQ:PTC - Get Free Report) had its price target boosted by investment analysts at BMO Capital Markets from $183.00 to $187.00 in a research report issued to clients and investors on Thursday. The firm currently has an "outperform" rating on the technology company's stock. BMO Capital Markets' target price suggests a potential upside of 20.67% from the company's previous close.
PTC has been the topic of several other reports. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. KeyCorp dropped their target price on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Robert W. Baird boosted their target price on PTC from $181.00 to $185.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Barclays decreased their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $189.00.
Read Our Latest Analysis on PTC
PTC Stock Up 0.9 %
Shares of PTC opened at $154.97 on Thursday. The stock's 50-day moving average price is $153.69 and its two-hundred day moving average price is $175.74. PTC has a 12 month low of $133.38 and a 12 month high of $203.09. The company has a market capitalization of $18.65 billion, a PE ratio of 47.83, a PEG ratio of 2.27 and a beta of 1.17. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.
PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the prior year, the business posted $1.46 EPS. The business's revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that PTC will post 4.46 EPS for the current year.
Insider Activity at PTC
In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
Institutional Trading of PTC
Several large investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC bought a new stake in PTC during the 1st quarter valued at $26,000. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP boosted its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. UMB Bank n.a. increased its stake in shares of PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after acquiring an additional 178 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in shares of PTC in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 95.14% of the company's stock.
PTC Company Profile
(
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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