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 opened at $125.03 on Monday. The company has a market capitalization of $14.69 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.24 and a current ratio of 1.23. The company's fifty day moving average price is $111.11 and its 200 day moving average price is $109.90. PTC has a 1 year low of $96.55 and a 1 year high of $136.00.

PTC (NASDAQ:PTC - Get Rating) last posted its earnings results on Wednesday, July 27th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. PTC had a net margin of 26.19% and a return on equity of 18.13%. The business had revenue of $462.47 million for the quarter, compared to analyst estimates of $473.65 million. During the same period in the prior year, the company posted $0.54 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts predict that PTC will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PTC shares. Royal Bank of Canada dropped their price objective on shares of PTC from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Monday, April 25th. Barclays reduced their price objective on PTC from $141.00 to $120.00 in a research note on Thursday, April 28th. Oppenheimer assumed coverage on PTC in a research report on Tuesday, July 26th. They issued a "market perform" rating on the stock. TheStreet raised shares of PTC from a "c+" rating to a "b-" rating in a research report on Wednesday, April 27th. Finally, Citigroup upped their price objective on shares of PTC from $116.00 to $124.00 in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.63.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $122.59, for a total transaction of $122,590.00. Following the completion of the transaction, the executive vice president now directly owns 23,400 shares of the company's stock, valued at approximately $2,868,606. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $122.59, for a total value of $122,590.00. Following the sale, the executive vice president now owns 23,400 shares in the company, valued at $2,868,606. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Blake D. Moret sold 100,000 shares of the company's stock in a transaction dated Wednesday, June 8th. The stock was 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 of the company's stock, valued at approximately $1,174,390,689.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 440,593 shares of company stock valued at $52,549,899. Company insiders own 10.15% of the company's stock.