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 stock has increased by 46.5% and is now trading at $87.48.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 9 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, October 28th 2020.
View our earnings forecast for PTC.

PTC Inc (NASDAQ:PTC) announced its quarterly earnings results on Wednesday, July, 29th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.18. The technology company earned $352 million during the quarter, compared to the consensus estimate of $333.22 million. PTC had a return on equity of 16.99% and a net margin of 6.21%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS.
View PTC's earnings history.

PTC issued an update on its FY20 earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of $2.28-$2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.28. The company issued revenue guidance of $1.415-$1.430 billion, compared to the consensus revenue estimate of $1.42 billion.

12 brokers have issued 1 year price objectives for PTC's shares. Their forecasts range from $78.00 to $120.00. On average, they anticipate PTC's share price to reach $99.18 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts' price targets for PTC.

Media headlines about PTC stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PTC earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about PTC.

PTC saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,980,000 shares, a drop of 5.7% from the July 15th total of 2,100,000 shares. Based on an average trading volume of 788,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.9% of the company's shares are short sold.
View PTC's Short Interest.

Some companies that are related to PTC include Electronic Arts (EA), Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Crowdstrike (CRWD), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP) and Check Point Software Technologies (CHKP).
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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), Paypal (PYPL), Intel (INTC), Taiwan Semiconductor Mfg. (TSM), Square (SQ), Tesla (TSLA), QUALCOMM (QCOM) and STMicroelectronics (STM).

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

PTC's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.66%), Copper Rock Capital Partners LLC (3.65%), FMR LLC (3.04%), FIL Ltd (2.61%), Sumitomo Mitsui Trust Holdings Inc. (2.15%) and Nordea Investment Management AB (1.28%). Company insiders that own PTC stock include Andrew Miller, 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 Marshall Wace North America L.P., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, FIL Ltd, Robecosam AG, Federated Hermes Inc., Goldman Sachs Group Inc., Vanguard Group Inc., and StackLine Partners LP. Company insiders that have sold PTC company stock in the last year include Corinna Lathan, James E Heppelmann, Kathleen Mitford, and Phillip M Fernandez.
View insider buying and selling activity for PTC.

PTC stock was bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Victory Capital Management Inc., Nordea Investment Management AB, Sumitomo Mitsui Trust Holdings Inc., Bank of Nova Scotia, Bank of New York Mellon Corp, GAM Holding AG, and Crestwood Capital Management L.P..
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 $87.48.

PTC has a market capitalization of $10.16 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]