PTC (NASDAQ:PTC) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday, BidAskClub reports.

Several other equities research analysts have also commented on PTC. Griffin Securities lowered shares of PTC from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. KeyCorp increased their price objective on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Bank of America lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus decreased their price objective on shares of Align Technology from $360.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Wedbush decreased their price objective on shares of PTC from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $94.40.

PTC traded down $0.91 during trading on Tuesday, reaching $69.56. 6,542 shares of the stock traded hands, compared to its average volume of 1,379,745. The company has a quick ratio of 1.32, a current ratio of 0.79 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $8.44 billion, a PE ratio of 76.97, a PEG ratio of 2.22 and a beta of 1.19. The company has a 50-day simple moving average of $87.56. PTC has a 12 month low of $69.92 and a 12 month high of $107.44.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 11.18%. The firm had revenue of $322.40 million for the quarter, compared to analyst estimates of $322.42 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that PTC will post 1.07 EPS for the current fiscal year.

In other news, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction on 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 legal 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 on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the sale, the executive vice president now owns 25,672 shares in the company, valued at approximately $2,310,480. The disclosure for this sale can be found here. Insiders sold a total of 25,700 shares of company stock worth $2,295,738 over the last quarter. Corporate insiders own 9.91% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in PTC by 4.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock worth $248,000 after purchasing an additional 112 shares during the period. O Shaughnessy Asset Management LLC raised its position in PTC by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,355 shares of the technology company’s stock worth $951,000 after purchasing an additional 139 shares during the period. Campbell Newman Asset Management Inc. raised its position in PTC by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 7,327 shares of the technology company’s stock worth $675,000 after purchasing an additional 180 shares during the period. Optimum Investment Advisors raised its position in PTC by 7.7% in the 2nd quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock worth $251,000 after purchasing an additional 200 shares during the period. Finally, Magnus Financial Group LLC raised its position in PTC by 8.1% in the 1st quarter. Magnus Financial Group LLC now owns 3,489 shares of the technology company’s stock worth $322,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 92.46% of the company’s stock.

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.

See Also: Cost of Goods Sold (COGS)

Analyst Recommendations for PTC (NASDAQ:PTC)

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