PTC Inc. (NASDAQ:PTC) Given Consensus Rating of “Moderate Buy” by Analysts

PTC Inc. (NASDAQ:PTC) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $190.38.

A number of research analysts recently commented on the company. KeyCorp lowered their price objective on PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Barclays lowered their price objective on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Oppenheimer lowered their price objective on PTC from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday. Finally, BMO Capital Markets decreased their price target on PTC from $220.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th.

PTC Price Performance

Shares of NASDAQ PTC opened at $151.83 on Thursday. PTC has a twelve month low of $133.38 and a twelve month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The business has a 50 day simple moving average of $154.06 and a 200-day simple moving average of $176.04.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts expect that PTC will post 4.46 earnings per share for the current year.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PTC. T. Rowe Price Investment Management Inc. increased its position in shares of PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock worth $3,174,432,000 after acquiring an additional 1,773,653 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PTC in the fourth quarter worth approximately $146,712,000. Norges Bank purchased a new position in shares of PTC in the fourth quarter worth approximately $128,852,000. GAMMA Investing LLC increased its position in shares of PTC by 13,184.0% in the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company’s stock worth $53,517,000 after acquiring an additional 342,784 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of PTC in the fourth quarter worth approximately $59,506,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

About PTC

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.