Brokerages Set PTC Inc. (NASDAQ:PTC) PT at $205.92

Shares of PTC Inc. (NASDAQ:PTC) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $205.9231.

Several analysts have issued reports on the stock. Piper Sandler reduced their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Rosenblatt Securities lowered their target price on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Wall Street Zen cut PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Robert W. Baird set a $255.00 price objective on PTC in a research note on Wednesday, October 22nd.

Insider Transactions at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares of the company’s stock, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the transaction, the executive vice president directly owned 22,461 shares in the company, valued at $3,925,958.19. The trade was a 21.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 61,277 shares of company stock worth $10,624,076. 0.29% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Several institutional investors and hedge funds have recently bought and sold shares of PTC. Root Financial Partners LLC acquired a new position in shares of PTC in the 3rd quarter valued at $30,000. SJS Investment Consulting Inc. boosted its holdings in PTC by 2,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 158 shares during the last quarter. Versant Capital Management Inc grew its position in PTC by 37.6% during the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the period. Quarry LP increased its stake in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after acquiring an additional 94 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 0.7%

Shares of PTC stock opened at $174.21 on Tuesday. The stock has a market cap of $20.72 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.90 and a beta of 1.03. The company has a quick ratio of 1.43, a current ratio of 1.12 and a debt-to-equity ratio of 0.31. PTC has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The business has a fifty day simple moving average of $179.39 and a 200-day simple moving average of $192.44.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The business had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. On average, analysts forecast that PTC will post 4.46 earnings per share for the current fiscal year.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.