NASDAQ:PTCPTC Stock Price, Forecast & News

PTC's stock was trading at $59.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PTC stock has increased by 45.6% and is now trading at $86.94.
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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 earnings results on Wednesday, July, 29th. The technology company reported $0.62 EPS for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.18. The technology company had revenue of $352 million for the quarter, compared to analysts' expectations of $333.22 million. PTC had a return on equity of 16.99% and a net margin of 6.21%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS.
View PTC's earnings history.

PTC updated its FY20 earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of $2.28-$2.35 for the period, compared to the Thomson Reuters consensus 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 targets for PTC's shares. 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 14.1% from the stock's current price.
View analysts' price targets for PTC.

Media stories about PTC stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 -1.9 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about PTC.

PTC saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,980,000 shares, a decrease of 5.7% from the July 15th total of 2,100,000 shares. Based on an average daily volume of 788,000 shares, the days-to-cover ratio is currently 2.5 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), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Atlassian (TEAM), Crowdstrike (CRWD), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP) and Citrix Systems (CTXS).
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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 a number of retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (3.65%), Sumitomo Mitsui Trust Holdings Inc. (2.15%), Victory Capital Management Inc. (0.83%), Robecosam AG (0.54%), RMB Capital Management LLC (0.43%) and Swiss National Bank (0.37%). 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, New York State Common Retirement Fund, Thornburg Investment Management Inc., Texas Permanent School Fund, and NN Investment Partners Holdings N.V.. 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., Sumitomo Mitsui Trust Holdings Inc., Quantitative Systematic Strategies LLC, Assenagon Asset Management S.A., First Trust Advisors LP, Rathbone Brothers plc, and Strs Ohio.
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 $86.94.

PTC has a market capitalization of $10.06 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]