PTC Stock Forecast, Price & News

PTC's stock was trading at $59.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PTC stock has increased by 42.9% and is now trading at $85.33.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC in the last year. There are currently 3 hold ratings and 11 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) issued its earnings results on Wednesday, July, 29th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.18. The technology company earned $352 million during the quarter, compared to analyst estimates of $333.22 million. PTC had a net margin of 6.21% and a return on equity of 16.99%. PTC's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $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.

14 Wall Street analysts have issued 12 month price targets for PTC's stock. Their forecasts range from $78.00 to $120.00. On average, they anticipate PTC's share price to reach $100.31 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
View analysts' price targets for PTC.

PTC saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,810,000 shares, an increase of 12.4% from the July 30th total of 1,610,000 shares. Based on an average trading volume of 720,700 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.7% of the company's shares are sold short.
View PTC's Short Interest.

Some companies that are related to PTC include Docusign (DOCU), Electronic Arts (EA), Twilio (TWLO), Synopsys (SNPS), Crowdstrike (CRWD), Splunk (SPLK), Cadence Design Systems (CDNS), Datadog (DDOG), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM), 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 Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Paypal (PYPL), Intel (INTC), Tesla (TSLA), QUALCOMM (QCOM), Square (SQ), Taiwan Semiconductor Mfg. (TSM) and STMicroelectronics (STM).

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

PTC's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.66%), Copper Rock Capital Partners LLC (3.65%), FMR LLC (3.04%), FIL Ltd (2.61%), Sumitomo Mitsui Trust Holdings Inc. (2.15%) and Nordea Investment Management AB (1.28%). 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 Marshall Wace North America L.P., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, FIL Ltd, Robecosam AG, Federated Hermes Inc., Teachers Retirement System of The State of Kentucky, Goldman Sachs Group Inc., and Vanguard Group Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Victory Capital Management Inc., Nordea Investment Management AB, Sumitomo Mitsui Trust Holdings Inc., Copper Rock Capital Partners LLC, Bank of Nova Scotia, Bank of New York Mellon Corp, and GAM Holding AG.
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 $85.33.

PTC has a market capitalization of $9.91 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]