NASDAQ:PTCPTC Stock Price, Forecast & News

PTC's stock was trading at $59.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PTC shares have increased by 42.4% and is now trading at $85.00. View which stocks have been most impacted by Coronavirus.

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.

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

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

PTC updated its FY20 earnings guidance on Wednesday, April, 29th. The company provided earnings per share 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.

13 equities research analysts have issued 1-year target prices for PTC's shares. Their forecasts range from $65.00 to $105.00. On average, they expect PTC's share price to reach $88.64 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price. View analysts' price targets for PTC.

News articles about PTC stock have been trending somewhat negative on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PTC earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles 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 company's share price in the immediate future. View the latest news about PTC.

PTC saw a increase in short interest in June. As of June 30th, there was short interest totaling 2,020,000 shares, an increase of 8.0% from the June 15th total of 1,870,000 shares. Based on an average trading volume of 857,600 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.9% of the company's stock are short sold. View PTC's Current Options Chain.

Some companies that are related to PTC include Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Okta (OKTA), Datadog (DDOG), ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS), Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) and Tableau Software (DATA). View all competitors.

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).

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

PTC's stock is owned by a number of institutional and retail investors. Top institutional investors include Robecosam AG (0.54%), Capital Investment Services of America Inc. (0.20%), DNB Asset Management AS (0.12%) and Envestnet Asset Management Inc. (0.02%). 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.

PTC stock was sold by a variety of institutional investors in the last quarter, including Robecosam AG. 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.

PTC stock was bought by a variety of institutional investors in the last quarter, including Capital Investment Services of America Inc., DNB Asset Management AS, and Envestnet Asset Management Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of PTC stock can currently be purchased for approximately $85.00.

PTC has a market capitalization of $9.83 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.

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

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]