PTC Inc. (NASDAQ:PTC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of PTC Inc. (NASDAQ:PTC) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $210.09.

PTC has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler lifted their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the sale, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. Insiders own 0.32% of the company’s stock.

Institutional Trading of PTC

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of PTC during the 4th quarter worth $146,712,000. Norges Bank acquired a new position in shares of PTC during the fourth quarter valued at about $128,852,000. Fernbridge Capital Management LP raised its holdings in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares during the last quarter. Congress Asset Management Co. raised its stake in PTC by 767.8% in the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after acquiring an additional 586,443 shares during the last quarter. Finally, D1 Capital Partners L.P. acquired a new stake in shares of PTC during the third quarter worth about $84,549,000. Institutional investors own 95.14% of the company’s stock.

PTC Trading Down 0.8 %

Shares of NASDAQ:PTC opened at $166.57 on Friday. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 51.41, a PEG ratio of 2.33 and a beta of 1.19. The company’s fifty day simple moving average is $188.05 and its 200 day simple moving average is $183.62. PTC has a 12 month low of $163.30 and a 12 month high of $203.09. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts forecast that PTC will post 4.62 EPS for the current fiscal year.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.