PTC - PTC Stock Forecast, Price & News

PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR. The company also provides Onshape, a software-as-a-service product development platform unites computer-aided design with data management, collaboration tools, and real-time analytics; Arena, a PLM solution enables product teams to collaborate virtually anytime and anywhere; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Windchill, a product lifecycle management software. In addition, it offers Integrity, an application lifecycle management solution; Servigistics, service parts management solution; and consulting, implementation, training, cloud, and license and support services. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.

PTC Stock Performance

PTC traded down $1.47 on Wednesday, hitting $122.47. 914,459 shares of the company's stock were exchanged, compared to its average volume of 731,688. The firm has a market cap of $14.39 billion, a PE ratio of 29.09, a P/E/G ratio of 2.98 and a beta of 1.16. PTC has a twelve month low of $96.55 and a twelve month high of $136.00. The stock has a fifty day moving average of $111.37 and a two-hundred day moving average of $110.08. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66.

PTC (NASDAQ:PTC - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The firm had revenue of $462.47 million for the quarter, compared to analyst estimates of $473.65 million. PTC had a net margin of 26.19% and a return on equity of 18.13%. PTC's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, research analysts anticipate that PTC will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PTC. Royal Bank of Canada cut their price objective on shares of PTC from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Monday, April 25th. Wolfe Research started coverage on shares of PTC in a report on Tuesday. They issued an "outperform" rating and a $155.00 price objective on the stock. TheStreet upgraded shares of PTC from a "c+" rating to a "b-" rating in a research note on Wednesday, April 27th. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research note on Friday, July 29th. Finally, Oppenheimer started coverage on shares of PTC in a research note on Tuesday, July 26th. They issued a "market perform" rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $139.56.

Insider Buying and Selling

In other PTC news, Director Blake D. Moret sold 101,106 shares of the company's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $118.80, for a total value of $12,011,392.80. Following the completion of the transaction, the director now owns 10,270,234 shares in the company, valued at approximately $1,220,103,799.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PTC news, CEO James E. Heppelmann sold 5,000 shares of the company's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $122.52, for a total value of $612,600.00. Following the completion of the transaction, the chief executive officer now owns 799,512 shares in the company, valued at approximately $97,956,210.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Blake D. Moret sold 101,106 shares of the company's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $118.80, for a total transaction of $12,011,392.80. Following the completion of the transaction, the director now owns 10,270,234 shares of the company's stock, valued at approximately $1,220,103,799.20. The disclosure for this sale can be found here. Insiders have sold a total of 456,593 shares of company stock worth $54,547,979 over the last quarter. 10.15% of the stock is owned by company insiders.