PTC Inc. (NASDAQ:PTC) has received a consensus rating of “Buy” from the eighteen research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $62.93.
Several equities research analysts recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating and set a $68.00 target price on shares of PTC in a report on Thursday, July 20th. Pacific Crest raised their target price on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) assumed coverage on PTC in a report on Monday, July 17th. They set a “neutral” rating and a $62.00 target price on the stock. Barclays PLC reiterated an “overweight” rating and set a $65.00 target price (down from $67.00) on shares of PTC in a report on Saturday, July 22nd. Finally, BidaskClub downgraded PTC from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
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PTC (NASDAQ PTC) traded up 1.79% during trading on Friday, reaching $53.48. The company’s stock had a trading volume of 458,455 shares. PTC has a 1-year low of $41.14 and a 1-year high of $60.22. The company’s market capitalization is $6.18 billion. The company’s 50-day moving average is $55.95 and its 200-day moving average is $54.84.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $291.92 million for the quarter, compared to the consensus estimate of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. Equities analysts anticipate that PTC will post $1.20 EPS for the current year.
In related news, EVP Barry F. Cohen sold 27,374 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $54.67, for a total value of $1,496,536.58. Following the sale, the executive vice president now owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the sale, the director now directly owns 62,300 shares in the company, valued at approximately $3,349,871. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,329 shares of company stock valued at $3,588,097. Insiders own 1.11% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in shares of PTC by 64.3% in the second quarter. D.A. Davidson & CO. now owns 5,377 shares of the technology company’s stock valued at $296,000 after buying an additional 2,104 shares during the period. Citigroup Inc. increased its stake in shares of PTC by 28.9% in the second quarter. Citigroup Inc. now owns 5,181 shares of the technology company’s stock valued at $285,000 after buying an additional 1,161 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of PTC by 8.0% in the second quarter. UBS Asset Management Americas Inc. now owns 1,946,469 shares of the technology company’s stock valued at $107,289,000 after buying an additional 144,863 shares during the period. Lazard Asset Management LLC increased its stake in shares of PTC by 20.8% in the second quarter. Lazard Asset Management LLC now owns 741,233 shares of the technology company’s stock valued at $40,856,000 after buying an additional 127,814 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of PTC by 5.7% in the second quarter. Mutual of America Capital Management LLC now owns 106,912 shares of the technology company’s stock valued at $5,893,000 after buying an additional 5,742 shares during the period. 96.40% of the stock is currently owned by institutional investors and hedge funds.
PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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