PTC (NASDAQ:PTC) Hits New 1-Year Low – Should You Sell?

PTC Inc. (NASDAQ:PTC) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $146.92 and last traded at $147.90, with a volume of 116930 shares. The stock had previously closed at $157.16.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PTC shares. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp increased their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Down 6.5 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $16.82 billion, a PE ratio of 43.14, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a 50-day moving average of $166.16 and a two-hundred day moving average of $180.21.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. Sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

A number of large investors have recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. raised its position in shares of PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock worth $3,174,432,000 after acquiring an additional 1,773,653 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in PTC during the fourth quarter valued at approximately $146,712,000. Norges Bank acquired a new stake in PTC in the fourth quarter valued at approximately $128,852,000. Point72 Asset Management L.P. purchased a new position in PTC in the fourth quarter worth $59,506,000. Finally, Janus Henderson Group PLC increased its position in shares of PTC by 1,753.2% during the fourth quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company’s stock worth $54,909,000 after purchasing an additional 282,513 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Company Profile

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.