NASDAQ:PTCPTC Stock Price, Forecast & News

PTC's stock was trading at $59.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PTC shares have increased by 28.3% and is now trading at $76.59. 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) announced its earnings results on Wednesday, April, 29th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.15. The technology company earned $359.60 million during the quarter, compared to the consensus estimate of $340.32 million. PTC had a net margin of 4.67% and a return on equity of 15.35%. The company's revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. View PTC's earnings history.

PTC issued an update on its FY20 earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of $2.20-2.35 for the period, compared to the Thomson Reuters consensus EPS 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 analysts have issued 12 month price objectives for PTC's shares. Their forecasts range from $65.00 to $105.00. On average, they anticipate PTC's share price to reach $87.73 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View analysts' price targets for PTC.

Press coverage about PTC stock has trended negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PTC earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. 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 daily volume of 857,600 shares, the short-interest ratio is presently 2.4 days. Currently, 1.9% of the company's stock are sold short. View PTC's Current Options Chain.

Some companies that are related to PTC include Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Datadog (DDOG), Okta (OKTA), ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS) and TAKE-TWO INTERACTIVE SOFTWARE (TTWO). 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 variety of retail and institutional investors. Top institutional shareholders include Robecosam AG (0.54%) and Capital Investment Services of America Inc. (0.20%). 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 purchased by a variety of institutional investors in the last quarter, including Capital Investment Services of America 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 $76.59.

PTC has a market capitalization of $8.86 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]