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

Shares of PTC Inc. (NASDAQ:PTC) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $207.54.

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock worth $3,630,716 over the last ninety days. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in PTC. Covestor Ltd increased its holdings in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 80 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of PTC by 66.4% during the second quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC during the third quarter valued at approximately $66,000. Park Place Capital Corp bought a new stake in PTC during the third quarter worth $67,000. Finally, Resources Management Corp CT ADV grew its holdings in PTC by 95.3% during the second quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company’s stock worth $130,000 after buying an additional 348 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

PTC opened at $187.79 on Tuesday. The firm has a market cap of $22.60 billion, a P/E ratio of 60.38, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. PTC has a 52-week low of $163.30 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average is $191.52 and its 200-day moving average is $182.97.

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.