PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone781-370-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.24 billion
Profitability
Miscellaneous
Employees6,110
Next Earnings Date10/23/2019 (Estimated)
OptionableOptionable
PTC (NASDAQ:PTC) Frequently Asked Questions
What is PTC's stock symbol?
PTC trades on the NASDAQ under the ticker symbol "PTC."
How will PTC's stock buyback program work?
PTC declared that its Board of Directors has initiated a share buyback program on Wednesday, September 20th 2017, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.
How were PTC's earnings last quarter?
PTC Inc (NASDAQ:PTC) announced its quarterly earnings data on Wednesday, July, 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.18. The technology company earned $322.40 million during the quarter, compared to the consensus estimate of $322.42 million. PTC had a return on equity of 10.44% and a net margin of 2.63%. PTC's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. View PTC's Earnings History.
When is PTC's next earnings date?
What guidance has PTC issued on next quarter's earnings?
PTC issued an update on its FY19 earnings guidance on Wednesday, July, 24th. The company provided earnings per share (EPS) guidance of $1.43-$1.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80. The company issued revenue guidance of $1249-$1264 billion, compared to the consensus revenue estimate of $1.32 billion.
What price target have analysts set for PTC?
16 equities research analysts have issued 12-month target prices for PTC's shares. Their forecasts range from $65.00 to $111.00. On average, they anticipate PTC's stock price to reach $91.60 in the next twelve months. This suggests a possible upside of 36.0% from the stock's current price. View Analyst Price Targets for PTC.
What is the consensus analysts' recommendation for PTC?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 2 sell ratings, 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PTC.
What are Wall Street analysts saying about PTC stock?
Here are some recent quotes from research analysts about PTC stock:
- 1. According to Zacks Investment Research, "PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company's Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts. " (7/30/2019)
- 2. Evercore ISI analysts commented, "We attended PTC’s customer conference (LiveWorx) in Boston. With a couple noisy quarters behind the company we found the conference as an opportunity to revisit the long-term story. Though we believe some expected an update on the F23 targets, additional work needs to be done to convert the estimates to ASC 606; importantly, however, management reaffirmed the $850M F23 FCF target. From a technology standpoint, we recommend investors watch the keynote when it is available online as it is helpful in visualizing the company’s technology portfolio, but we also provide detail within. We continue to believe the company has many options for upside on an already compelling TAM inclusive of its meaningful partnerships. We remain encouraged by PTC’s long-term prospect. Maintain Outperform rating and $110 price target." (6/13/2019)
Has PTC been receiving favorable news coverage?
Headlines about PTC stock have trended positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. PTC earned a news impact score of 2.5 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for PTC.
Are investors shorting PTC?
PTC saw a drop in short interest in July. As of July 31st, there was short interest totalling 6,235,200 shares, a drop of 18.2% from the June 30th total of 7,622,800 shares. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is currently 5.1 days. Approximately 5.8% of the shares of the company are short sold. View PTC's Current Options Chain.
Who are some of PTC's key competitors?
Some companies that are related to PTC include Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Crowdstrike (CRWD), Cadence Design Systems (CDNS), Synopsys (SNPS), Splunk (SPLK), CA (CA), ANSYS (ANSS), Twilio (TWLO), Check Point Software Technologies (CHKP), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Symantec (SYMC) and Paycom Software (PAYC).
What other stocks do shareholders of PTC own?
Who are PTC's key executives?
PTC's management team includes the folowing people:
- Mr. James E. Heppelmann, Pres, CEO, Director & Member of National First Exec. Advisory Board (Age 55)
- Mr. Andrew D. Miller, Exec. VP & CFO (Age 59)
- Dr. Barry F. Cohen, Exec. VP & Chief Strategy Officer (Age 75)
- Mr. Matthew Lessner Cohen, Exec. VP of Field Operations (Age 43)
- Ms. Kathleen Mitford, Exec. VP of Products (Age 46)
Who are PTC's major shareholders?
PTC's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.55%), Vanguard Group Inc. (8.57%), OZ Management LP (2.16%), Marshall Wace North America L.P. (1.73%), Impax Asset Management Group plc (1.45%) and AXA (1.41%). 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, Paul A Lacy, Phillip M Fernandez, Robert Schechter and Staats Aaron C Von. View Institutional Ownership Trends for PTC.
Which institutional investors are selling PTC stock?
PTC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Carillon Tower Advisers Inc., Marshall Wace LLP, Allianz Asset Management GmbH, Victory Capital Management Inc., Vanguard Group Inc., Tensile Capital Management LLC and AXA. Company insiders that have sold PTC company stock in the last year 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 Insider Buying and Selling for PTC.
Which institutional investors are buying PTC stock?
PTC stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Senator Investment Group LP, BlackRock Inc., Pictet Asset Management Ltd., Marshall Wace North America L.P., Nuveen Asset Management LLC, Meritage Group LP and Ownership Capital B.V.. View Insider Buying and Selling for PTC.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is PTC's stock price today?
One share of PTC stock can currently be purchased for approximately $67.37.
How big of a company is PTC?
PTC has a market capitalization of $7.76 billion and generates $1.24 billion in revenue each year. The technology company earns $51.98 million in net income (profit) each year or $0.90 on an earnings per share basis. PTC employs 6,110 workers across the globe.View Additional Information About PTC.
What is PTC's official website?
How can I contact PTC?
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]
MarketBeat Community Rating for PTC (NASDAQ PTC)
MarketBeat's community ratings are surveys of what our community members think about PTC and other stocks. Vote "Outperform" if you believe PTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
