PTC Inc. to Post Q4 2024 Earnings of $1.22 Per Share, Griffin Securities Forecasts (NASDAQ:PTC)

PTC Inc. (NASDAQ:PTC) – Equities research analysts at Griffin Securities cut their Q4 2024 earnings per share estimates for shares of PTC in a research note issued on Tuesday, May 7th. Griffin Securities analyst J. Vleeschhouwer now forecasts that the technology company will post earnings per share of $1.22 for the quarter, down from their prior forecast of $1.23. The consensus estimate for PTC’s current full-year earnings is $3.30 per share.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lifted their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Friday, April 12th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, February 1st. Finally, Mizuho cut their price objective on PTC from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.64.

PTC Stock Down 0.0 %

Shares of PTC opened at $178.33 on Wednesday. The stock has a 50 day moving average price of $183.03 and a 200 day moving average price of $172.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of 74.62, a PEG ratio of 3.48 and a beta of 1.19. PTC has a one year low of $128.61 and a one year high of $194.24.

Hedge Funds Weigh In On PTC

Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in PTC by 23.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the technology company’s stock valued at $881,000 after purchasing an additional 1,167 shares during the last quarter. Mackenzie Financial Corp grew its holdings in PTC by 2.8% in the 3rd quarter. Mackenzie Financial Corp now owns 8,808 shares of the technology company’s stock worth $1,214,000 after buying an additional 242 shares in the last quarter. Strs Ohio increased its position in PTC by 29.1% in the 3rd quarter. Strs Ohio now owns 12,307 shares of the technology company’s stock valued at $1,743,000 after acquiring an additional 2,777 shares during the period. IFM Investors Pty Ltd increased its position in PTC by 16.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 25,181 shares of the technology company’s stock valued at $3,568,000 after acquiring an additional 3,629 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in PTC by 10.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 9,165 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 900 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

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.