PTC Company Profile (NASDAQ:PTC)

PTC trades on the NASDAQ under the ticker symbol "PTC."

PTC Inc. (NASDAQ:PTC) posted its earnings results on Wednesday, July, 19th. The company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The company earned $291.92 million during the quarter, compared to analyst estimates of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. PTC's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. View PTC's Earnings History.

PTC issued an update on its FY17 earnings guidance on Wednesday, July, 19th. The company provided earnings per share (EPS) guidance of $1.17-1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.21. The company issued revenue guidance of $1.16-1.17 billion, compared to the consensus revenue estimate of $1.17 billion.PTC also updated its Q4 guidance to $0.33-0.38 EPS.

16 brokerages have issued 12 month price targets for PTC's stock. Their forecasts range from $50.00 to $69.00. On average, they expect PTC's share price to reach $62.93 in the next twelve months. View Analyst Ratings for PTC.

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. " (4/22/2017)
• 2. Evercore ISI analysts commented, "We believe this is well understood by investors, which is why despite failing to beat the high end of revenue / EPS guidance the stock should continue to work. The most important announcement this quarter was the intention to discontinue perpetual licenses for ~70% of PTC’s business, further accelerating the subscription transition which we believe may result in a mix of subscription business above 90% in the long term. This acceleration provides a tailwind to the company’s targeted long-term model inclusive of its $525M FCF goal in F21, in our opinion. We continue to believe that there is further upside from subscription conversions as we detailed in our note here. With solid results and a reasonable setup for the back half of the year we continue to believe PTC should outperform." (4/20/2017)
• 3. Wedbush analysts commented, "see a high likelihood of upside to PTC's near-term and long-term mix, bookings, and FCF targets. Besides upside to near-term metrics, other FY17 catalysts include continued traction in the IoT market and a resumption of share repurchases starting in 2H. Longer-term, we see maintenance conversions, sustained IoT leadership, and a focus on returning cash to shareholders as catalysts for upside to FY21 targets... This update was focused on the IoT market, product portfolio, and PTC's momentum. The convergence of digital and physical worlds is enabling manufacturing to create value by embedding intelligence into products, and using this intelligence to enhance product functionality and to better service products in the field." (3/3/2017)
• 4. Citigroup Inc. analysts commented, "We reiterate our Buy rating and increase PT to $60. PTC calmed concerns around FX with bookings of $90M and sub mix of 65%, both well above our $77M / 55% (Guide: $70-80M, 55%). The quarter was boosted by a $5M IoT mega deal but results would still have come in ahead of guide ($85M, 28%) when excluding the transaction. Revenue of $287M towards the high end of guide ($285-290M) despite ~$3M drag from FX, higher sub mix. CFO Miller held FY17 bookings range at $130-136M and sub mix at 65%, which management generally acknowledge as embedding conservative assumptions around perpetual conversions. We continue to feel PTC's transition process is underappreciated with 'normal year' earnings multiple (11x) trading ~40% below peers (Narrowing 'Normal' Year Valuation Gap Will Drive Upside). Read the full note for all details, more comments on FQ1, valuation analysis, estimate revisions and updated model." (1/19/2017)

Some companies that are related to PTC include ANSYS (ANSS), Square (SQ), Sabre Corporation (SABR), King Digital Entertainment PLC (KING), Zendesk (ZEN), Box (BOX), New Relic (NEWR), Twilio (TWLO), CyberArk Software (CYBR), Five9 (FIVN), Radware (RDWR), GB Group plc (GBG), Keywords Studios PLC (KWS), Mulesoft (MULE), Rosetta Stone (RST), YuMe (YUME), Perion Network Ltd (PERI) and SeaChange International (SEAC).

PTC's management team includes the folowing people:

• Robert P. Schechter, Independent Chairman of the Board
• James E. Heppelmann, President, Chief Executive Officer, Director
• Andrew D. Miller CPA, Chief Financial Officer, Executive Vice President
• Robert C. Gremley, Group President - Technology Platform Group
• Craig Hayman, Chief Operating Officer, Group President - Solutions Group
• Barry F. Cohen, Executive Vice President - Strategy
• Matthew Cohen, Executive Vice President - Global Services
• Anthony DiBona, Executive Vice President - Global Support
• Aaron C. Von Staats, Corporate Vice President, General Counsel, Secretary
• Janice Durbin Chaffin, Independent Director

PTC's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.67%), Capital Investment Services of America Inc. (0.19%), Dalton Greiner Hartman Maher & Co. (0.13%), Gateway Investment Advisers LLC (0.08%), American National Insurance Co. TX (0.05%) and Sit Investment Associates Inc. (0.05%). Company insiders that own PTC stock include Anthony Dibona, Barry F Cohen, Donald K Grierson, James E Heppelmann, Matthew Lessner Cohen, Paul A Lacy, Phillip M Fernandez, Robert C Gremley, Robert Ranaldi, Robert Schechter and Staats Aaron C Von. View Institutional Ownership Trends for PTC.

PTC's stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Bank of Montreal Can, Peregrine Capital Management LLC, Capital Investment Services of America Inc., Wright Investors Service Inc. and Oakbrook Investments LLC. Company insiders that have sold PTC stock in the last year include Anthony Dibona, Barry F Cohen, Donald K Grierson, James E Heppelmann, Matthew Lessner Cohen, Paul A Lacy, Phillip M Fernandez, Robert C Gremley, Robert Schechter and Staats Aaron C Von. View Insider Buying and Selling for PTC.

PTC's stock was bought by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Sit Investment Associates Inc., Quantitative Systematic Strategies LLC, OLD National Bancorp IN, Capital One National Association, Aperio Group LLC, Oregon Public Employees Retirement Fund and LS Investment Advisors LLC. View Insider Buying and Selling for PTC.

Shares of PTC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PTC stock can currently be purchased for approximately $55.22.