PTC (NASDAQ:PTC - Get Free Report) had its price objective raised by investment analysts at Royal Bank Of Canada from $224.00 to $235.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Royal Bank Of Canada's target price points to a potential upside of 10.79% from the stock's current price.
Other equities analysts also recently issued reports about the company. UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday. BMO Capital Markets boosted their price target on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company reissued an "overweight" rating on shares of PTC in a research note on Tuesday. Piper Sandler lifted their price objective on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Oppenheimer upped their price objective on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, PTC has an average rating of "Moderate Buy" and an average target price of $202.14.
Check Out Our Latest Stock Analysis on PTC
PTC Stock Performance
Shares of PTC traded down $2.70 during midday trading on Thursday, hitting $212.11. 1,598,374 shares of the stock traded hands, compared to its average volume of 1,547,054. The business's 50 day moving average price is $181.28 and its two-hundred day moving average price is $169.88. The firm has a market capitalization of $25.44 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. 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 has a 1-year low of $133.38 and a 1-year high of $219.69.
PTC (NASDAQ:PTC - Get Free Report) last issued 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 net margin of 20.74% and a return on equity of 17.09%. The firm 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 EPS. PTC's quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts predict that PTC will post 4.46 EPS for the current fiscal year.
Insider Activity 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, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president directly owned 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by insiders.
Institutional Investors Weigh In On PTC
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC during the first quarter worth $26,000. Motco purchased a new position in PTC in the 1st quarter worth about $29,000. Aster Capital Management DIFC Ltd acquired a new stake in PTC during the 4th quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PTC during the first quarter valued at about $33,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of PTC in the first quarter worth about $39,000. Institutional investors and hedge funds 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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