NASDAQ:PTCPTC Stock Price, Forecast & News

$83.85

+3.59 (+4.47 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$81.46

Now: $83.85▼

$84.45

50-Day Range

$62.97

MA: $68.96▼

$79.50

52-Week Range

$43.90

Now: $83.85▼

$93.34

Volume40,399 shs

Average Volume667,525 shs

Market Capitalization$9.70 billion

P/E Ratio152.45

Dividend YieldN/A

Beta1.2

PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications. The company also provides Vuforia Studio tool for industrial enterprises to author and publish augmented reality experiences; and Creo, an interoperable suite of product design software for design engineers. In addition, it offers Windchill that provides product lifecycle management capabilities; ThingWorx Navigate for complete, contextual, up-to-date, and accurate product information; Integrity solution to manage system models, software configurations, test plans, and defects; and Servigistics, a suite that enables service parts management and customers to continuously enhance their products and services. Further, the company provides consulting, implementation, training, cloud, and license and support services. PTC Inc. markets its products primarily through professionals, third-party resellers, and strategic partners. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was founded in 1985 and is headquartered in Needham, Massachusetts.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
PTC has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.64, PTC has a potential upside of 2.1% from its current price of $83.85.
Amount of Analyst Coverage
PTC has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
PTC has received 540 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
PTC has received 405 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
PTC has received 57.14% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about PTC and other stocks. Vote “Outperform” if you believe PTC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PTC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
PTC does not currently pay a dividend.
Dividend Growth
PTC does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PTC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,274,795.00 in company stock.
Percentage Held by Insiders
Only 9.91% of the stock of PTC is held by insiders.
Percentage Held by Institutions
86.71% of the stock of PTC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for PTC are expected to grow by 34.78% in the coming year, from $1.61 to $2.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PTC is 152.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of PTC is 152.45, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.10.
Price to Earnings Growth Ratio
PTC has a PEG Ratio of 1.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PTC has a P/B Ratio of 8.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:PTC

Previous SymbolNASDAQ:PMTC

CUSIPN/A

CIK857005

Webwww.ptc.com

Phone781-370-5000

Debt

Debt-to-Equity Ratio1.04

Current Ratio1.13

Quick Ratio1.13

Price-To-Earnings

Trailing P/E Ratio152.45

Forward P/E Ratio52.08

P/E Growth1.55

Sales & Book Value

Annual Sales$1.26 billion

Price / Sales7.73

Cash Flow$1.67 per share

Price / Cash Flow50.14

Book Value$10.44 per share

Price / Book8.03

Profitability

EPS (Most Recent Fiscal Year)$0.91

Net Income$-27,460,000.00

Net Margins4.67%

Return on Equity15.35%

Return on Assets6.09%

Miscellaneous

Employees6,055

Outstanding Shares115,690,000

Market Cap$9.70 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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PTC (NASDAQ:PTC) Frequently Asked Questions

How has PTC's stock been impacted by COVID-19 (Coronavirus)?

PTC's stock was trading at $59.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PTC shares have increased by 40.5% and is now trading at $83.85. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PTC?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for PTC.

When is PTC's next earnings date?

PTC is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for PTC.

How were PTC's earnings last quarter?

PTC Inc (NASDAQ:PTC) released its quarterly earnings results on Wednesday, April, 29th. The technology company reported $0.59 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.15. The technology company earned $359.60 million during the quarter, compared to the consensus estimate of $340.32 million. PTC had a return on equity of 15.35% and a net margin of 4.67%. PTC's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. View PTC's earnings history.

What guidance has PTC issued on next quarter's earnings?

PTC issued an update on its FY20 earnings guidance on Wednesday, April, 29th. The company provided EPS guidance of $2.20-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.21. The company issued revenue guidance of $1.4-1.43 billion, compared to the consensus revenue estimate of $1.42 billion.

What price target have analysts set for PTC?

13 equities research analysts have issued 1-year price targets for PTC's shares. Their forecasts range from $65.00 to $105.00. On average, they expect PTC's stock price to reach $85.64 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View analysts' price targets for PTC.

What are Wall Street analysts saying about PTC stock?

Here are some recent quotes from research analysts about PTC stock:

1. According to Zacks Investment Research, "PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company's Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts. " (12/17/2019)
2. Evercore ISI analysts commented, "We attended PTC’s customer conference (LiveWorx) in Boston. With a couple noisy quarters behind the company we found the conference as an opportunity to revisit the long-term story. Though we believe some expected an update on the F23 targets, additional work needs to be done to convert the estimates to ASC 606; importantly, however, management reaffirmed the $850M F23 FCF target. From a technology standpoint, we recommend investors watch the keynote when it is available online as it is helpful in visualizing the company’s technology portfolio, but we also provide detail within. We continue to believe the company has many options for upside on an already compelling TAM inclusive of its meaningful partnerships. We remain encouraged by PTC’s long-term prospect. Maintain Outperform rating and $110 price target." (6/13/2019)

Has PTC been receiving favorable news coverage?

Media coverage about PTC stock has trended very negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. PTC earned a news sentiment score of -3.7 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutPTC.

Are investors shorting PTC?

PTC saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,230,000 shares, a decrease of 7.9% from the April 30th total of 2,420,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.1% of the company's shares are sold short. View PTC's Current Options Chain.

Who are some of PTC's key competitors?

Some companies that are related to PTC include Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Synopsys (SNPS), Twilio (TWLO), Docusign (DOCU), Cadence Design Systems (CDNS), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), Crowdstrike (CRWD), Paycom Software (PAYC), Citrix Systems (CTXS) and Check Point Software Technologies (CHKP). View all competitors.

What other stocks do shareholders of PTC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC investors own include NVIDIA (NVDA), Paypal (PYPL), Micron Technology (MU), Square (SQ), Intel (INTC), Starbucks (SBUX), STMicroelectronics (STM), Adobe (ADBE), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Who are PTC's key executives?

PTC's management team includes the following people:

Mr. James E. Heppelmann, Pres, CEO, Director & Member of National First Exec. Advisory Board (Age 55)
Mr. Andrew D. Miller, Exec. VP & CFO (Age 59)
Dr. Barry F. Cohen, Exec. VP & Chief Strategy Officer (Age 75)
Mr. Matthew Lessner Cohen, Exec. VP of Field Operations (Age 43)
Ms. Kathleen Mitford, Exec. VP of Products (Age 46)

What is PTC's stock symbol?

PTC trades on the NASDAQ under the ticker symbol "PTC."

Who are PTC's major shareholders?

PTC's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.83%), State Street Corp (3.02%), Pictet Asset Management Ltd. (2.83%), Praesidium Investment Management Company LLC (2.55%), Franklin Resources Inc. (2.30%) and Impax Asset Management Group plc (2.15%). Company insiders that own PTC stock include Andrew Miller, Anthony Dibona, Barry F Cohen, Corinna Lathan, Donald K Grierson, James E Heppelmann, Kathleen Mitford, Matthew Lessner Cohen, Phillip M Fernandez, Robert Schechter and Staats Aaron C Von. View institutional ownership trends for PTC.

Which major investors are selling PTC stock?

PTC stock was sold by a variety of institutional investors in the last quarter, including Carmignac Gestion, Wellington Management Group LLP, BlackRock Inc., Artemis Investment Management LLP, Artemis Investment Management LLP, Nuveen Asset Management LLC, Balyasny Asset Management LLC, and AXA. Company insiders that have sold PTC company stock in the last year include Corinna Lathan, Donald K Grierson, James E Heppelmann, Kathleen Mitford, Matthew Lessner Cohen, Phillip M Fernandez, and Staats Aaron C Von. View insider buying and selling activity for PTC.

Which major investors are buying PTC stock?

PTC stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Pictet Asset Management Ltd., Praesidium Investment Management Company LLC, Federated Hermes Inc., Impax Asset Management Group plc, Baird Financial Group Inc., Ownership Capital B.V., and Robecosam AG. View insider buying and selling activity for PTC.

How do I buy shares of PTC?

Shares of PTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is PTC's stock price today?

One share of PTC stock can currently be purchased for approximately $83.85.

How big of a company is PTC?

PTC has a market capitalization of $9.70 billion and generates $1.26 billion in revenue each year. The technology company earns $-27,460,000.00 in net income (profit) each year or $0.91 on an earnings per share basis. PTC employs 6,055 workers across the globe.

What is PTC's official website?

The official website for PTC is www.ptc.com.

How can I contact PTC?

PTC's mailing address is 121 SEAPORT BOULEVARD, BOSTON MA, 02210. The technology company can be reached via phone at 781-370-5000 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff