PTC Sees Unusually Large Options Volume (NASDAQ:PTC)
PTC Inc (NASDAQ:PTC) saw unusually large options trading activity on Thursday. Traders purchased 4,069 call options on the company. This is an increase of 2,687% compared to the average daily volume of 146 call options.
Shares of PTC (NASDAQ:PTC) traded down $0.83 during midday trading on Monday, hitting $72.67. 512,769 shares of the stock were exchanged, compared to its average volume of 1,185,219. The stock 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 has a 1 year low of $50.68 and a 1 year high of $74.88. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 0.84.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $306.44 million during the quarter, compared to analysts’ expectations of $300.17 million. PTC had a net margin of 2.47% and a return on equity of 9.29%. PTC’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. sell-side analysts expect that PTC will post 0.78 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC bought a new stake in shares of PTC in the 3rd quarter worth about $109,000. Stephens Inc. AR bought a new stake in PTC during the 2nd quarter valued at about $126,000. Cerebellum GP LLC bought a new stake in PTC during the 4th quarter valued at about $128,000. Advisor Group Inc. lifted its holdings in PTC by 7.4% during the 2nd quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock valued at $150,000 after buying an additional 186 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in PTC by 85.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock valued at $165,000 after buying an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
A number of equities research analysts have weighed in on PTC shares. Evercore ISI set a $75.00 price objective on shares of PTC and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $65.00 target price on shares of PTC and gave the stock a “buy” rating in a research note on Friday, October 6th. Wedbush reiterated an “outperform” rating and issued a $57.00 target price on shares of PTC in a research note on Thursday, October 5th. Barclays increased their price objective on shares of PTC from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, BidaskClub downgraded shares of PTC from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.81.
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.
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