PTC (NASDAQ:PTC) Upgraded at StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC) from a hold rating to a buy rating in a research report report published on Friday.

Several other equities research analysts have also recently commented on PTC. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. KeyCorp lifted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Piper Sandler raised their price objective on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Trading Down 2.5 %

PTC stock opened at $161.65 on Friday. PTC has a 12 month low of $161.02 and a 12 month high of $203.09. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The business has a 50 day moving average price of $182.89 and a two-hundred day moving average price of $183.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, equities analysts forecast that PTC will post 4.46 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’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 $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. 0.32% of the stock is currently owned by insiders.

Institutional Trading of PTC

Large investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter worth $30,000. Covestor Ltd grew its position in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 80 shares during the period. Allworth Financial LP increased its stake in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Pinney & Scofield Inc. bought a new position in PTC in the 4th quarter worth $47,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of PTC in the fourth quarter worth about $51,000. 95.14% of the stock is currently owned by institutional investors.

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.