PTC Inc. (NASDAQ:PTC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $202.1429.

Several research firms have recently issued reports on PTC. Piper Sandler lifted their target price on shares of PTC from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Barclays set a $233.00 price objective on PTC in a research note on Thursday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, July 29th. Oppenheimer raised their price target on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On PTC

Hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in PTC by 15.5% during the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock valued at $68,000 after purchasing an additional 59 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock valued at $539,000 after purchasing an additional 61 shares in the last quarter. Bellecapital International Ltd. lifted its holdings in shares of PTC by 4.3% during the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock valued at $276,000 after purchasing an additional 66 shares in the last quarter. Aviso Financial Inc. boosted its position in shares of PTC by 4.1% during the second quarter. Aviso Financial Inc. now owns 1,691 shares of the technology company’s stock valued at $291,000 after buying an additional 66 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in PTC by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock worth $582,000 after buying an additional 70 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $212.64 on Wednesday. The company’s fifty day moving average price is $199.86 and its 200-day moving average price is $174.08. The stock has a market cap of $25.47 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same period last year, the business earned $0.98 EPS. PTC’s quarterly revenue was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities analysts expect that PTC will post 4.46 EPS for the current fiscal year.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.