PTC Company Profile (NASDAQ:PTC)

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

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

PTC is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for PTC.

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 brokers have issued 1 year target prices for PTC's shares. 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)

PTC saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 5,181,578 shares, an increase of 47.2% from the July 14th total of 3,520,291 shares. Based on an average daily volume of 2,246,659 shares, the days-to-cover ratio is currently 2.3 days. Approximately 4.5% of the company's shares are short sold.

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

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.58%), Vanguard Group Inc. (8.09%), FMR LLC (5.84%), Epoch Investment Partners Inc. (3.74%), State Street Corp (2.60%) and Eagle Asset Management Inc. (2.15%). 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 Goldman Sachs Group Inc., Sirios Capital Management L P, Conatus Capital Management LP, Royce & Associates LP, BlackRock Inc., Ameriprise Financial Inc., Lagoda Investment Management L.P. and Dalton Greiner Hartman Maher & Co.. 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 Artisan Partners Limited Partnership, FMR LLC, Newbrook Capital Advisors LP, Sumitomo Mitsui Asset Management Company LTD, Pictet Asset Management Ltd., Eagle Asset Management Inc., Strs Ohio and Koch Industries Inc.. 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 $54.57.