PTC (NASDAQ:PTC)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a report released on Thursday, January 4th. They presently have a $68.00 price target on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential downside of 6.43% from the stock’s previous close.

Several other research firms also recently commented on PTC. Royal Bank of Canada reaffirmed a “buy” rating and issued a $74.00 price objective on shares of PTC in a research note on Friday, October 27th. Bank of America assumed coverage on PTC in a research note on Monday, November 6th. They set an “underperform” rating and a $60.00 target price on the stock. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of PTC in a research note on Tuesday, November 14th. BidaskClub downgraded PTC from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. downgraded PTC from an “overweight” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $70.81.

PTC (PTC) opened at $72.67 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.10 and a quick ratio of 0.98. PTC has a 12 month low of $50.68 and a 12 month high of $74.88. The company has a market capitalization of $8,500.00, a PE ratio of 302.79, a PEG ratio of 2.63 and a beta of 1.34.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The firm had revenue of $306.44 million for the quarter, compared to the consensus estimate of $300.17 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that PTC will post 0.78 EPS for the current fiscal year.

In other news, Director Robert Schechter sold 1,128 shares of PTC stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.88, for a total value of $75,440.64. Following the completion of the transaction, the director now owns 64,826 shares in the company, valued at approximately $4,335,562.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anthony Dibona sold 5,464 shares of PTC stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the transaction, the executive vice president now owns 36,317 shares of the company’s stock, valued at approximately $2,686,368.49. The disclosure for this sale can be found here. Insiders have sold a total of 57,388 shares of company stock valued at $3,768,236 in the last 90 days. 1.19% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of PTC by 7.4% in the 2nd quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock worth $150,000 after purchasing an additional 186 shares during the period. Utah Retirement Systems boosted its holdings in shares of PTC by 1.0% in the 2nd quarter. Utah Retirement Systems now owns 21,000 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of PTC by 6.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,092 shares of the technology company’s stock worth $226,000 after purchasing an additional 247 shares during the period. Commerce Bank boosted its holdings in shares of PTC by 5.6% in the 2nd quarter. Commerce Bank now owns 5,700 shares of the technology company’s stock worth $314,000 after purchasing an additional 300 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of PTC by 1.3% in the 3rd quarter. Prudential Financial Inc. now owns 73,343 shares of the technology company’s stock worth $4,128,000 after purchasing an additional 910 shares during the period. Hedge funds and other institutional investors own 97.98% of the company’s stock.

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PTC Company Profile

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

Analyst Recommendations for PTC (NASDAQ:PTC)

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