PTC (NASDAQ:PTC) Given “Neutral” Rating at JPMorgan Chase & Co.

PTC (NASDAQ:PTC)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $160.00 price target on the technology company’s stock, down from their prior price target of $210.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 17.01% from the stock’s previous close.

A number of other equities analysts have also recently commented on PTC. Citigroup dropped their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus boosted their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp raised their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.55.

PTC Price Performance

PTC stock opened at $136.74 on Wednesday. PTC has a 52 week low of $134.16 and a 52 week high of $203.09. The firm has a market capitalization of $16.45 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The company has a fifty day simple moving average of $163.05 and a two-hundred day simple moving average of $179.43. 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 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%. Analysts anticipate that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PTC

Several institutional investors have recently made changes to their positions in PTC. Czech National Bank grew its holdings in PTC by 6.1% during the 1st quarter. Czech National Bank now owns 27,636 shares of the technology company’s stock worth $4,282,000 after acquiring an additional 1,589 shares in the last quarter. Rhumbline Advisers lifted its position in shares of PTC by 7.6% in the 1st quarter. Rhumbline Advisers now owns 241,059 shares of the technology company’s stock worth $37,352,000 after purchasing an additional 17,017 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of PTC by 11.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,582 shares of the technology company’s stock valued at $245,000 after purchasing an additional 167 shares in the last quarter. Summit Global Investments boosted its stake in shares of PTC by 161.1% during the first quarter. Summit Global Investments now owns 4,473 shares of the technology company’s stock valued at $693,000 after purchasing an additional 2,760 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in PTC by 13,184.0% during the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company’s stock valued at $53,517,000 after buying an additional 342,784 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.