Shares of PTC Inc (NASDAQ:PTC) have received a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $99.67.
PTC has been the topic of several analyst reports. Berenberg Bank restated a “buy” rating and set a $115.00 price objective on shares of PTC in a report on Thursday, July 19th. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Robert W. Baird raised their price objective on PTC from $103.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. Wedbush raised their price objective on PTC from $102.00 to $112.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. Finally, Royal Bank of Canada raised their price objective on PTC to $114.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th.
In related news, Director Corinna Lathan sold 1,405 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $92.58, for a total value of $130,074.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Miller sold 34,453 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $92.16, for a total value of $3,175,188.48. The disclosure for this sale can be found here. Insiders sold a total of 101,733 shares of company stock worth $9,521,376 over the last ninety days. Corporate insiders own 1.19% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Sturgeon Ventures LLP raised its position in PTC by 2.9% in the second quarter. Sturgeon Ventures LLP now owns 80,159 shares of the technology company’s stock valued at $7,520,000 after purchasing an additional 2,259 shares during the period. Advisors Asset Management Inc. purchased a new position in PTC in the second quarter valued at about $766,000. Global X Management Co LLC purchased a new position in PTC in the second quarter valued at about $358,000. Qube Research & Technologies Ltd purchased a new position in PTC in the second quarter valued at about $134,000. Finally, Millennium Management LLC raised its position in PTC by 225.6% in the second quarter. Millennium Management LLC now owns 1,038,404 shares of the technology company’s stock valued at $97,413,000 after purchasing an additional 719,478 shares during the period. 94.24% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PTC traded up $0.81 during trading hours on Monday, reaching $98.90. 1,668,457 shares of the company traded hands, compared to its average volume of 700,332. The stock has a market cap of $11.56 billion, a PE ratio of 133.65, a price-to-earnings-growth ratio of 3.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88. PTC has a 1-year low of $54.37 and a 1-year high of $101.12.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 18th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $314.78 million for the quarter, compared to analysts’ expectations of $312.95 million. PTC had a return on equity of 11.62% and a net margin of 4.55%. PTC’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. equities research analysts predict that PTC will post 0.88 earnings per share for the current fiscal year.
PTC Company Profile
PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
See Also: Earnings Per Share
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