Media stories about PTC (NASDAQ:PTC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PTC earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.1835411152995 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
A number of brokerages recently issued reports on PTC. KeyCorp upped their price target on shares of PTC from $92.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, April 19th. Barclays upped their price target on shares of PTC to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, April 12th. BidaskClub cut shares of PTC from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Robert W. Baird reiterated a “buy” rating and issued a $83.00 price target on shares of PTC in a research note on Tuesday, March 6th. Finally, Zacks Investment Research upgraded shares of PTC from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a research note on Thursday, April 26th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.27.
PTC traded up $0.64, hitting $84.79, during midday trading on Monday, according to Marketbeat. 738,274 shares of the company traded hands, compared to its average volume of 970,492. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $9.71 billion, a P/E ratio of 114.58, a P/E/G ratio of 2.64 and a beta of 1.34. PTC has a 52 week low of $52.20 and a 52 week high of $88.71.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $307.88 million for the quarter, compared to analysts’ expectations of $302.90 million. PTC had a net margin of 3.16% and a return on equity of 10.04%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. research analysts forecast that PTC will post 0.83 EPS for the current fiscal year.
In other news, VP Staats Aaron C. Von sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Schechter sold 3,000 shares of the stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $85.20, for a total transaction of $255,600.00. Following the completion of the transaction, the director now owns 67,207 shares in the company, valued at approximately $5,726,036.40. The disclosure for this sale can be found here. Insiders have sold a total of 138,278 shares of company stock worth $11,520,574 in the last 90 days. Company insiders own 1.19% of the company’s stock.
PTC Company Profile
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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