Griffin Securities downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, Briefing.com Automated Import reports.

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Viacom from a c+ rating to a b- rating in a report on Wednesday, April 24th. Wedbush restated an outperform rating on shares of Alphabet in a report on Thursday, April 25th. Guggenheim lowered shares of PTC from a buy rating to a neutral rating in a report on Thursday. Mizuho raised their target price on shares of Facebook from $230.00 to $247.00 and gave the stock a buy rating in a report on Thursday. Finally, Bank of America reiterated an underperform rating and set a $86.00 price objective on shares of PTC in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $95.13.

PTC stock opened at $73.36 on Thursday. The business has a 50-day moving average price of $88.56. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 81.51, a PEG ratio of 2.16 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 0.79 and a debt-to-equity ratio of 0.77. PTC has a 12-month low of $72.56 and a 12-month high of $107.44.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The firm had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 9.80%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS. Equities analysts forecast that PTC will post 1.07 EPS for the current year.

In other PTC news, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew Lessner Cohen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at approximately $2,310,480. The disclosure for this sale can be found here. Insiders have sold a total of 25,700 shares of company stock worth $2,295,738 in the last three months. Insiders own 9.91% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in PTC during the 1st quarter valued at about $5,897,000. Cleararc Capital Inc. purchased a new position in shares of PTC in the 1st quarter worth approximately $252,000. Norges Bank purchased a new position in shares of PTC in the 4th quarter worth approximately $197,240,000. American Century Companies Inc. grew its position in shares of PTC by 49.3% in the 4th quarter. American Century Companies Inc. now owns 942,970 shares of the technology company’s stock worth $78,172,000 after buying an additional 311,508 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of PTC in the 1st quarter worth approximately $467,000. 92.46% of the stock is currently owned by institutional investors and hedge funds.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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Analyst Recommendations for PTC (NASDAQ:PTC)

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