PTC (NASDAQ:PTC)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a note issued to investors on Thursday, The Fly reports. They currently have a $78.00 target price on the technology company’s stock, up from their prior target price of $69.00. Wedbush’s price objective points to a potential upside of 16.94% from the stock’s current price.
PTC has been the topic of several other research reports. KeyCorp reiterated a “buy” rating and set a $74.00 price target (up previously from $64.00) on shares of PTC in a research note on Thursday, October 26th. BidaskClub upgraded PTC from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. JPMorgan Chase & Co. downgraded PTC from an “overweight” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Tuesday, December 12th. Robert W. Baird reiterated a “buy” rating and set a $68.00 price target on shares of PTC in a research note on Thursday, January 4th. Finally, Barclays boosted their price target on PTC from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.63.
PTC (PTC) opened at $66.70 on Thursday. PTC has a 1 year low of $46.87 and a 1 year high of $67.12. The stock has a market capitalization of $7,750.00, a PE ratio of 1,667.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 0.98.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. PTC had a return on equity of 8.08% and a net margin of 0.54%. The company had revenue of $306.44 million for the quarter, compared to analyst estimates of $300.17 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts predict that PTC will post 0.81 earnings per share for the current fiscal year.
In other news, EVP Anthony Dibona sold 10,929 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $65.25, for a total value of $713,117.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul A. Lacy sold 4,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $65.81, for a total value of $263,240.00. Following the completion of the sale, the director now owns 61,486 shares in the company, valued at approximately $4,046,393.66. The disclosure for this sale can be found here. Insiders sold 55,924 shares of company stock worth $3,627,304 in the last 90 days. Company insiders own 1.11% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Tributary Capital Management LLC purchased a new position in PTC during the third quarter worth approximately $109,000. Stephens Inc. AR purchased a new position in PTC during the second quarter worth approximately $126,000. Advisor Group Inc. boosted its position in PTC by 7.4% during the second quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock worth $150,000 after purchasing an additional 186 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in PTC by 85.5% during the second quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,389 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in PTC during the third quarter worth approximately $218,000.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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