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 stock has increased by 44.6% and is now trading at $86.35.
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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) released its quarterly earnings data on Wednesday, July, 29th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.18. The technology company earned $352 million during the quarter, compared to analysts' expectations of $333.22 million. PTC had a net margin of 6.21% and a return on equity of 16.99%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share.
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 earnings per share 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 equities research analysts have issued 1-year price objectives for PTC's stock. Their forecasts range from $78.00 to $120.00. On average, they expect PTC's share price to reach $99.18 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for PTC.

Media coverage about PTC stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. PTC earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about PTC.

PTC saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,980,000 shares, a drop of 5.7% from the June 30th total of 2,100,000 shares. Based on an average daily volume of 788,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.9% of the shares of the stock are sold short.
View PTC's Current Options Chain.

Some companies that are related to PTC include Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), Datadog (DDOG), Okta (OKTA), ANSYS (ANSS), Crowdstrike (CRWD), Atlassian (TEAM), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC) and Tyler Technologies (TYL).
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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 many different institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (3.65%), Sumitomo Mitsui Trust Holdings Inc. (2.15%), Robecosam AG (0.54%), Peregrine Capital Management LLC (0.32%), Candriam Luxembourg S.C.A. (0.24%) and Capital Investment Services of America Inc. (0.20%). 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 Robecosam AG, Peregrine Capital Management LLC, SG Americas Securities LLC, Oregon Public Employees Retirement Fund, NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Zurcher Kantonalbank Zurich Cantonalbank , and IFM Investors Pty Ltd. 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, Sumitomo Mitsui Trust Holdings Inc., Assenagon Asset Management S.A., First Trust Advisors LP, Strs Ohio, Candriam Luxembourg S.C.A., North Star Asset Management Inc., and Granite Investment Partners LLC.
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 $86.35.

PTC has a market capitalization of $9.99 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]