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NASDAQ:PTC

PTC - PTC Stock Forecast, Price & News

$122.14
-0.33 (-0.27%)
(As of 08/18/2022 12:37 PM ET)
Add
Compare
Today's Range
$121.87
$123.45
50-Day Range
$99.89
$125.81
52-Week Range
$96.55
$136.00
Volume
6,422 shs
Average Volume
738,583 shs
Market Capitalization
$14.35 billion
P/E Ratio
29.01
Dividend Yield
N/A
Price Target
$139.56

PTC MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.2% Upside
$139.56 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.35mentions of PTC in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$54.55 M Sold Last Quarter
Proj. Earnings Growth
24.62%
From $3.29 to $4.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Computer And Technology Sector

193rd out of 667 stocks

Prepackaged Software Industry

55th out of 233 stocks

PTC stock logo

About PTC (NASDAQ:PTC) Stock

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.

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PTC Stock News Headlines

Analyst Ratings for PTC - Benzinga
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
PTC Inc. (NASDAQ:PTC) Director Blake D. Moret Sells 8,000 Shares
Blake D. Moret Sells 8,000 Shares of PTC Inc. (NASDAQ:PTC) Stock
Blake D. Moret Sells 1,256 Shares of PTC Inc. (NASDAQ:PTC) Stock
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors?
This is a National Emergency. Right now, China controls a CRITICAL resource that we need for our planes, missiles, vehicles, and weapons. However, executive orders from Biden and Trump are forcing China out of the game...
PTC Inc. (NASDAQ:PTC) Sees Large Decrease in Short Interest
StockNews.com Lowers PTC (NASDAQ:PTC) to Hold
See More Headlines
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PTC Company Calendar

Last Earnings
7/27/2022
Today
8/18/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:PTC
Previous Symbol
NASDAQ:PMTC
Employees
6,709
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$139.56
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+14.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$476.92 million
Pretax Margin
22.52%

Debt

Sales & Book Value

Annual Sales
$1.81 billion
Cash Flow
$3.80 per share
Book Value
$18.36 per share

Miscellaneous

Free Float
105,543,000
Market Cap
$14.35 billion
Optionable
Optionable
Beta
1.16

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PTC Stock - Frequently Asked Questions

Should I buy or sell PTC stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTC shares.
View PTC analyst ratings
or view top-rated stocks.

What is PTC's stock price forecast for 2022?

9 equities research analysts have issued 12-month target prices for PTC's stock. Their PTC share price forecasts range from $120.00 to $160.00. On average, they anticipate the company's stock price to reach $139.56 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for PTC
or view top-rated stocks among Wall Street analysts.

How have PTC shares performed in 2022?

PTC's stock was trading at $121.15 at the beginning of the year. Since then, PTC shares have increased by 1.1% and is now trading at $122.47.
View the best growth stocks for 2022 here
.

When is PTC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PTC earnings forecast
.

How were PTC's earnings last quarter?

PTC Inc. (NASDAQ:PTC) released its earnings results on Wednesday, July, 27th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.78 by $0.19. The technology company 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 trailing twelve-month return on equity of 18.13%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share.
Read the conference call transcript
.

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

PTC updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.90 billion-$1.95 billion, compared to the consensus revenue estimate of $1.94 billion.

What is Jim Heppelmann's approval rating as PTC's CEO?

783 employees have rated PTC Chief Executive Officer Jim Heppelmann on Glassdoor.com. Jim Heppelmann has an approval rating of 85% among the company's employees.

What other stocks do shareholders of PTC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), PayPal (PYPL), Tesla (TSLA), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Cisco Systems (CSCO) and Block (SQ).

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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (3.75%), Pictet Asset Management SA (3.63%), State Street Corp (3.43%), FMR LLC (2.16%), Lazard Asset Management LLC (1.35%) and Liontrust Investment Partners LLP (1.30%). Insiders that own company stock include Blake D Moret, Catherine Kniker, Corinna Lathan, Eduarda Camacho, James E Heppelmann, Kathleen Mitford, Kristian Talvitie, Michael Ditullio, Phillip M Fernandez, Robert Schechter, Staats Aaron C Von and Staats Aaron C Von.
View institutional ownership trends
.

How do I buy shares of PTC?

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

What is PTC's stock price today?

One share of PTC stock can currently be purchased for approximately $122.47.

How much money does PTC make?

PTC (NASDAQ:PTC) has a market capitalization of $14.39 billion and generates $1.81 billion in revenue each year. The technology company earns $476.92 million in net income (profit) each year or $4.21 on an earnings per share basis.

How many employees does PTC have?

The company employs 6,709 workers across the globe.

Does PTC have any subsidiaries?
The following companies are subsidiares of PTC: 4C Solutions, Aptavis Technologies Corp., Arbortext, Arena Solutions, Atego, Atego SAS, Auxilium inc., Axeda, Caugnate, CoCreate Software, ColdLight Solutions, ColdLight Solutions LLC, Computervision, Enigma Europe B.V., Enigma Inc, Enigma Information Retrieval Systems Ltd. (UK), ITEDO Software, InPart Design, Kepware Japan KK, Kepware Technologies, MCA Solutions BVBA, MKS Inc, Mathsoft Engineering & Education, NC Graphics (Cambridge) Ltd., NetIDEAS Inc., NetRegulus, OHIO Design Automation, Onshape, PTC (Canada) Inc., PTC (IFSC) Limited, PTC (SSI) dac, PTC Benelux LLC, PTC Eastern Europe Limited S.R.L., PTC Holdings (Europe) B.V., PTC Holdings (NL) B.V., PTC International Inc., PTC International Limited Liability Company, PTC Japan KK, PTC Netherlands C.V., PTC Netherlands LLC, PTC Software (India) Private Limited, PTC Sweden AB, PTC Vuforia Switzerland AG, Parametric Technology (Belgium) b.v.b.a., Parametric Technology (C.R.) s.r.o., Parametric Technology (Denmark) A/S, Parametric Technology (Hong Kong) Ltd., Parametric Technology (India) Private Ltd., Parametric Technology (Republic of Ireland) Ltd., Parametric Technology (Schweiz) AG, Parametric Technology (Shanghai) Software Co. Ltd., Parametric Technology (Slovakia) s.r.o., Parametric Technology (UK) Limited, Parametric Technology Australia Pty. Limited, Parametric Technology Brasil Ltda., Parametric Technology Corporation, Parametric Technology Corporation (Malaysia) Sdn. Bhd., Parametric Technology Espana S.A., Parametric Technology Europe B.V., Parametric Technology Gesellschaft m.b.H., Parametric Technology GmbH, Parametric Technology International Inc., Parametric Technology Israel Ltd., Parametric Technology Italia S.r.l., Parametric Technology Mexico S.A. de C.V., Parametric Technology Nederland B.V., Parametric Technology S.A., Parametric Technology Singapore Pte. Ltd., Parametric Technology South Africa (Propretary) Limited, Parametric Technology Taiwan Ltd., Planet Metrics, Polyplan Technologies, Relex Software, Servigistics, Servigistics (Shanghai) Co. Ltd., Synapsis Technology, ThingWorx, Vuforia, and twnkls.
Read More
When was PTC founded?

PTC was founded in 1985.

How can I contact PTC?

PTC's mailing address is 121 SEAPORT BOULEVARD, BOSTON MA, 02210. The official website for the company is www.ptc.com. The technology company can be reached via phone at (781) 370-5000, via email at investor@ptc.com, or via fax at 781-370-6000.

This page (NASDAQ:PTC) was last updated on 8/18/2022 by MarketBeat.com Staff

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