PTC (NASDAQ:PTC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of PTC (NASDAQ:PTC – Get Rating) in a report published on Thursday. The brokerage issued a buy rating on the technology company’s stock.

PTC has been the subject of several other research reports. Citigroup boosted their price target on shares of PTC from $135.00 to $147.00 and gave the company a neutral rating in a report on Friday, January 27th. Rosenblatt Securities increased their target price on PTC from $142.00 to $148.00 and gave the stock a buy rating in a research note on Thursday, February 2nd. Barclays lifted their price target on shares of PTC from $144.00 to $150.00 and gave the company an overweight rating in a research note on Thursday, February 2nd. Robert W. Baird increased their price objective on shares of PTC from $150.00 to $165.00 and gave the stock an outperform rating in a research report on Thursday, January 26th. Finally, Berenberg Bank initiated coverage on shares of PTC in a report on Wednesday, January 11th. They set a buy rating and a $155.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $154.55.

PTC Stock Down 0.6 %

Shares of PTC stock opened at $118.71 on Thursday. PTC has a 12 month low of $96.55 and a 12 month high of $139.91. The business has a fifty day simple moving average of $128.69 and a 200 day simple moving average of $121.81. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.04 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18.

PTC (NASDAQ:PTC – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The firm had revenue of $465.91 million during the quarter, compared to analyst estimates of $464.43 million. PTC had a net margin of 17.62% and a return on equity of 18.20%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Research analysts predict that PTC will post 2.97 EPS for the current year.

Insider Transactions at PTC

In related news, insider Michael Ditullio sold 2,000 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $130.63, for a total transaction of $261,260.00. Following the completion of the transaction, the insider now directly owns 63,250 shares of the company’s stock, valued at $8,262,347.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Blake D. Moret sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $122.43, for a total transaction of $2,448,600.00. Following the transaction, the director now directly owns 7,245,696 shares in the company, valued at approximately $887,090,561.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Ditullio sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $130.63, for a total transaction of $261,260.00. Following the completion of the sale, the insider now owns 63,250 shares of the company’s stock, valued at $8,262,347.50. The disclosure for this sale can be found here. Insiders sold a total of 201,479 shares of company stock worth $25,741,693 in the last three months. Insiders own 8.26% of the company’s stock.

Institutional Investors Weigh In On PTC

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of PTC by 24.5% during the 3rd quarter. Barclays PLC now owns 162,955 shares of the technology company’s stock worth $17,044,000 after acquiring an additional 32,060 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of PTC by 101.1% in the third quarter. WINTON GROUP Ltd now owns 9,124 shares of the technology company’s stock valued at $954,000 after purchasing an additional 4,587 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of PTC by 34.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 628 shares of the technology company’s stock worth $67,000 after buying an additional 162 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of PTC by 0.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,559 shares of the technology company’s stock worth $2,465,000 after buying an additional 139 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of PTC by 446.4% during the 2nd quarter. Verition Fund Management LLC now owns 19,151 shares of the technology company’s stock worth $2,037,000 after buying an additional 15,646 shares during the period. 86.79% of the stock is currently owned by institutional investors and hedge funds.

PTC Company Profile

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PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.