PTC (NASDAQ:PTC) Receives “Outperform” Rating from Robert W. Baird

Robert W. Baird restated their outperform rating on shares of PTC (NASDAQ:PTCFree Report) in a research note published on Tuesday, Benzinga reports. They currently have a $210.00 price target on the technology company’s stock.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the company an outperform rating in a report on Thursday, February 1st. Piper Sandler boosted their price objective on shares of PTC from $155.00 to $177.00 and gave the company a neutral rating in a report on Tuesday, January 9th. KeyCorp upped their price target on shares of PTC from $190.00 to $205.00 and gave the stock an overweight rating in a report on Thursday, February 1st. StockNews.com raised shares of PTC from a hold rating to a buy rating in a report on Thursday, March 28th. Finally, Mizuho upped their price target on shares of PTC from $200.00 to $210.00 and gave the stock a buy rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, PTC currently has an average rating of Moderate Buy and a consensus target price of $192.27.

Check Out Our Latest Report on PTC

PTC Stock Performance

Shares of PTC stock opened at $186.61 on Tuesday. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 94.73, a PEG ratio of 3.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $183.26 and a 200 day simple moving average of $165.35. PTC has a 52 week low of $120.62 and a 52 week high of $194.24.

PTC (NASDAQ:PTCGet Free Report) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. On average, sell-side analysts predict that PTC will post 3.49 earnings per share for the current year.

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock worth $6,457,478 over the last three months. 1.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in shares of PTC by 205.5% in the first quarter. American Century Companies Inc. now owns 8,606 shares of the technology company’s stock valued at $927,000 after buying an additional 5,789 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of PTC by 84.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,928 shares of the technology company’s stock valued at $316,000 after buying an additional 1,340 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC in the first quarter valued at $110,000. MetLife Investment Management LLC lifted its stake in shares of PTC by 42.9% in the first quarter. MetLife Investment Management LLC now owns 33,353 shares of the technology company’s stock valued at $3,593,000 after buying an additional 10,013 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of PTC by 128.5% in the first quarter. Panagora Asset Management Inc. now owns 10,904 shares of the technology company’s stock valued at $1,175,000 after buying an additional 6,133 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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