PTC (NASDAQ:PTC) had its target price hoisted by Barclays from $86.00 to $88.00 in a report released on Thursday morning. They currently have an overweight rating on the technology company’s stock.
PTC has been the topic of several other reports. KeyCorp upped their price objective on shares of PTC from $92.00 to $94.00 and gave the company an overweight rating in a report on Thursday. BidaskClub upgraded shares of PTC from a hold rating to a buy rating in a report on Saturday, January 20th. Evercore ISI reiterated a buy rating and issued a $85.00 price objective on shares of PTC in a report on Thursday, January 18th. Robert W. Baird reiterated a buy rating and issued a $83.00 price objective on shares of PTC in a report on Tuesday, March 6th. Finally, Citigroup upped their price objective on shares of PTC to $78.00 and gave the company a buy rating in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $76.19.
Shares of NASDAQ:PTC traded down $0.93 on Thursday, hitting $83.99. The company had a trading volume of 480,231 shares, compared to its average volume of 977,589. PTC has a 1-year low of $51.02 and a 1-year high of $86.49. The company has a market cap of $9,716.72, a P/E ratio of 114.76, a P/E/G ratio of 2.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.02 and a quick ratio of 1.03.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 18th. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. PTC had a net margin of 3.16% and a return on equity of 10.21%. The firm had revenue of $307.88 million for the quarter, compared to the consensus estimate of $302.90 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. equities research analysts expect that PTC will post 0.78 earnings per share for the current year.
In related news, VP Staats Aaron C. Von sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony Dibona sold 5,464 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total transaction of $404,172.08. Following the completion of the transaction, the executive vice president now owns 36,317 shares in the company, valued at $2,686,368.49. The disclosure for this sale can be found here. Insiders sold 37,964 shares of company stock worth $2,765,872 over the last 90 days. 1.19% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in PTC during the fourth quarter worth about $574,000. Pennant Capital Management LLC grew its stake in PTC by 57.9% during the fourth quarter. Pennant Capital Management LLC now owns 658,587 shares of the technology company’s stock worth $40,022,000 after buying an additional 241,595 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in PTC during the fourth quarter worth about $4,445,000. Gotham Asset Management LLC acquired a new stake in PTC during the fourth quarter worth about $1,067,000. Finally, Pacific Grove Capital LP grew its stake in PTC by 43.8% during the fourth quarter. Pacific Grove Capital LP now owns 115,000 shares of the technology company’s stock worth $6,989,000 after buying an additional 35,000 shares in the last quarter.
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PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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