Recent Investment Analysts’ Ratings Changes for PTC (PTC)

PTC (NASDAQ: PTC) has recently received a number of price target changes and ratings updates:

  • 10/24/2019 – PTC had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $83.00 price target on the stock.
  • 10/23/2019 – PTC had its “buy” rating reaffirmed by analysts at Evercore ISI. They now have a $104.00 price target on the stock.
  • 10/21/2019 – PTC was given a new $78.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 10/18/2019 – PTC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 10/7/2019 – PTC had its price target lowered by analysts at Barclays PLC from $96.00 to $85.00. They now have an “overweight” rating on the stock.
  • 10/3/2019 – PTC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. “
  • 10/2/2019 – PTC had its price target lowered by analysts at Citigroup Inc from $89.00 to $75.00. They now have a “neutral” rating on the stock.
  • 9/13/2019 – PTC was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2019 – PTC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of PTC stock opened at $69.95 on Friday. The company’s 50-day moving average price is $66.12 and its 200-day moving average price is $79.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.57. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 77.72 and a beta of 1.14. PTC Inc has a twelve month low of $62.05 and a twelve month high of $102.47.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.18. The firm had revenue of $335.00 million for the quarter, compared to analysts’ expectations of $333.86 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities research analysts predict that PTC Inc will post 1.09 EPS for the current year.

In other PTC news, Director Corinna Lathan sold 843 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $64.48, for a total value of $54,356.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now directly owns 49,797 shares in the company, valued at approximately $3,364,783.29. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,343 shares of company stock worth $425,869. Corporate insiders own 9.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in PTC by 4.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock valued at $248,000 after buying an additional 112 shares during the last quarter. Optimum Investment Advisors increased its stake in PTC by 7.7% during the second quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock worth $251,000 after purchasing an additional 200 shares during the period. Tiverton Asset Management LLC increased its stake in PTC by 8.5% during the second quarter. Tiverton Asset Management LLC now owns 2,794 shares of the technology company’s stock worth $251,000 after purchasing an additional 219 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in PTC by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,740 shares of the technology company’s stock worth $1,772,000 after purchasing an additional 270 shares during the period. Finally, Colony Group LLC increased its stake in PTC by 9.2% during the second quarter. Colony Group LLC now owns 3,203 shares of the technology company’s stock worth $288,000 after purchasing an additional 270 shares during the period. 90.63% of the stock is currently owned by institutional investors.

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Read More: Understanding Analyst Recommendations

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