PTC (NASDAQ:PTC)‘s stock had its “buy” rating restated by stock analysts at Wedbush in a research note issued to investors on Friday. They presently have a $102.00 price target on the technology company’s stock. Wedbush’s price objective would suggest a potential upside of 17.97% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. BidaskClub raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. ValuEngine upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of PTC from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a research report on Thursday, April 26th. Berenberg Bank boosted their price target on shares of PTC to $100.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Finally, Barclays boosted their price target on shares of PTC from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, April 19th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $83.07.
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PTC opened at $86.46 on Friday, Marketbeat reports. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 116.84, a PEG ratio of 2.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 0.94. PTC has a 12 month low of $52.20 and a 12 month high of $89.45.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. PTC had a net margin of 3.16% and a return on equity of 10.04%. The firm had revenue of $307.88 million for the quarter, compared to analyst estimates of $302.90 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts forecast that PTC will post 0.83 earnings per share for the current fiscal year.
In other news, EVP Anthony Dibona sold 3,278 shares of the company’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $84.35, for a total value of $276,499.30. Following the completion of the sale, the executive vice president now owns 33,181 shares in the company, valued at approximately $2,798,817.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Schechter sold 3,000 shares of the company’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $85.20, for a total transaction of $255,600.00. Following the completion of the sale, the director now owns 67,207 shares of the company’s stock, valued at approximately $5,726,036.40. The disclosure for this sale can be found here. Insiders have sold a total of 130,778 shares of company stock valued at $10,967,374 in the last 90 days. 1.19% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new stake in PTC during the fourth quarter valued at about $317,000. Allianz Asset Management GmbH lifted its holdings in PTC by 1.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,476,429 shares of the technology company’s stock valued at $89,723,000 after purchasing an additional 16,149 shares during the last quarter. Swiss National Bank lifted its holdings in PTC by 2.2% during the fourth quarter. Swiss National Bank now owns 197,000 shares of the technology company’s stock valued at $11,972,000 after purchasing an additional 4,200 shares during the last quarter. Bank of Montreal Can lifted its holdings in PTC by 120.4% during the fourth quarter. Bank of Montreal Can now owns 16,212 shares of the technology company’s stock valued at $985,000 after purchasing an additional 8,857 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in PTC during the fourth quarter valued at about $5,740,000. Institutional investors own 98.11% of the company’s stock.
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.