NASDAQ:PTC - PTC Stock Price, Price Target & More

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

PTC declared that its board has initiated a share buyback plan on Wednesday, September 20th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

PTC Inc (NASDAQ:PTC) released its quarterly earnings results on Wednesday, July, 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.04. The technology company earned $314.78 million during the quarter, compared to analysts' expectations of $312.95 million. PTC had a net margin of 4.55% and a return on equity of 11.62%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. View PTC's Earnings History.

PTC is scheduled to release their next quarterly earnings announcement on Wednesday, October, 24th 2018. View Earnings Estimates for PTC.

PTC issued an update on its fourth quarter earnings guidance on Wednesday, July, 18th. The company provided earnings per share (EPS) guidance of $0.41-0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41. The company issued revenue guidance of $318-323 million, compared to the consensus revenue estimate of $327.70 million.

14 brokers have issued 1-year target prices for PTC's shares. Their predictions range from $67.00 to $115.00. On average, they expect PTC's stock price to reach $98.5714 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price. View Analyst Ratings for PTC.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to PTC include Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), Synopsys (SNPS), UBISOFT Entmt S/ADR (UBSFY) and SS&C Technologies (SSNC).

News coverage about PTC stock has been trending somewhat negative recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PTC earned a media sentiment score of -0.10 on Accern's scale. They also assigned news coverage about the technology company an impact score of 45.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

PTC's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.39%), Fred Alger Management Inc. (0.20%), Mckinley Capital Management LLC Delaware (0.20%), Hardman Johnston Global Advisors LLC (0.18%), Capital Investment Services of America Inc. (0.16%) and Retirement Systems of Alabama (0.14%). Company insiders that own PTC stock include Alan Pui Fai Chan, Anthony Dibona, Barry F Cohen, Donald K Grierson, James E Heppelmann, Matthew Lessner Cohen, Paul A Lacy, Phillip M Fernandez, Robert C Gremley, Robert Schechter and Staats Aaron C Von. View Institutional Ownership Trends for PTC.

PTC stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Mckinley Capital Management LLC Delaware, Hardman Johnston Global Advisors LLC, Gateway Investment Advisers LLC, First National Bank of Omaha, Essex Investment Management Co. LLC, Municipal Employees Retirement System of Michigan and Capital Investment Services of America Inc.. Company insiders that have sold PTC company stock in the last year include Anthony Dibona, Barry F Cohen, Donald K Grierson, James E Heppelmann, Matthew Lessner Cohen, Paul A Lacy, Robert Schechter and Staats Aaron C Von. View Insider Buying and Selling for PTC.

PTC stock was bought by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Hartford Investment Management Co., State of Alaska Department of Revenue, Xact Kapitalforvaltning AB, Amalgamated Bank, Cerebellum GP LLC, Bank of Montreal Can and Louisiana State Employees Retirement System. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PTC stock can currently be purchased for approximately $96.54.

PTC has a market capitalization of $11.14 billion and generates $1.16 billion in revenue each year. The technology company earns $6.23 million in net income (profit) each year or $0.74 on an earnings per share basis. PTC employs 6,041 workers across the globe.

PTC's mailing address is 140 KENDRICK STREET, NEEDHAM MA, 02494. The technology company can be reached via phone at 781-370-5000 or via email at [email protected]