PTC (NASDAQ:PTC) Upgraded at Wall Street Zen

Key Points

• PTC has been upgraded by Wall Street Zen from a "buy" to a "strong-buy" rating, indicating increasing confidence in the company's stock potential.
• Recent earnings results showed PTC reporting $1.64 earnings per share, significantly above the consensus estimate of $1.22, with revenue surpassing expectations at $643.94 million.
• Analysts have varying price targets for PTC, with Barclays setting one at $233.00 and KeyCorp raising theirs to $245.00, reflecting a positive outlook from multiple research firms.

PTC (NASDAQ:PTC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

PTC has been the subject of a number of other research reports. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, July 29th. Barclays set a $233.00 price objective on shares of PTC in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald set a $120.00 target price on shares of PTC and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average price target of $202.14.

PTC Trading Up 0.6%

PTC traded up $1.20 during mid-day trading on Friday, hitting $204.49. The stock had a trading volume of 438,669 shares, compared to its average volume of 1,078,308. The stock's fifty day simple moving average is $186.31 and its 200-day simple moving average is $170.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.18 and a beta 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 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The business had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. As a group, research analysts forecast that PTC will post 4.46 EPS for the current fiscal year.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PTC. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of PTC in the first quarter valued at about $26,000. Motco bought a new position in PTC during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC during the first quarter worth about $33,000. Zions Bancorporation National Association UT bought a new position in PTC during the first quarter worth about $39,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of PTC in the fourth quarter worth about $47,000. Institutional investors and hedge funds 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.