PTC - PTC Stock Forecast, Price & News

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

Shares of NASDAQ:PTC traded up $3.14 during trading on Wednesday, reaching $123.02. 706,661 shares of the company traded hands, compared to its average volume of 730,561. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. PTC has a 12-month low of $96.55 and a 12-month high of $136.74. The firm's fifty day simple moving average is $110.90 and its 200 day simple moving average is $109.80. The stock has a market cap of $14.39 billion, a P/E ratio of 29.22, a PEG ratio of 2.87 and a beta of 1.16.

PTC (NASDAQ:PTC - Get Rating) last issued its earnings results 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 business had revenue of $462.47 million for the quarter, compared to analysts' expectations of $473.65 million. PTC had a return on equity of 18.13% and a net margin of 26.19%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, research analysts anticipate that PTC will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on PTC. Royal Bank of Canada cut their price objective on PTC from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Monday, April 25th. Barclays cut their target price on shares of PTC from $141.00 to $120.00 in a research report on Thursday, April 28th. Oppenheimer initiated coverage on shares of PTC in a research report on Tuesday, July 26th. They set a "market perform" rating for the company. Robert W. Baird lowered their target price on shares of PTC from $160.00 to $153.00 in a research note on Thursday, July 21st. Finally, Rosenblatt Securities lowered their target price on shares of PTC from $156.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $137.63.

Insider Activity at PTC

In other news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $124.68, for a total transaction of $997,440.00. Following the completion of the sale, the director now owns 10,012,234 shares in the company, valued at $1,248,325,335.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Blake D. Moret sold 100,000 shares of PTC stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $116.62, for a total transaction of $11,662,000.00. Following the transaction, the director now owns 10,070,234 shares in the company, valued at approximately $1,174,390,689.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blake D. Moret sold 8,000 shares of PTC stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $124.68, for a total transaction of $997,440.00. Following the transaction, the director now owns 10,012,234 shares in the company, valued at approximately $1,248,325,335.12. The disclosure for this sale can be found here. Insiders have sold 432,593 shares of company stock valued at $51,567,339 over the last quarter. 10.15% of the stock is owned by insiders.