StockNews.com Upgrades PTC (NASDAQ:PTC) to Buy

PTC (NASDAQ:PTC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other brokerages also recently issued reports on PTC. KeyCorp boosted their price objective on PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Robert W. Baird upped their price target on PTC from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Rosenblatt Securities upped their price target on PTC from $166.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Mizuho upped their price target on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Oppenheimer upped their price target on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.82.

PTC Trading Down 0.4 %

NASDAQ PTC opened at $188.94 on Thursday. The firm has a market capitalization of $22.59 billion, a PE ratio of 95.91, a price-to-earnings-growth ratio of 3.37 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $182.89 and its two-hundred day moving average price is $164.35. PTC has a 12 month low of $120.62 and a 12 month high of $194.24.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. On average, analysts expect that PTC will post 3.49 EPS for the current year.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,415 shares of company stock valued at $6,457,478. Corporate insiders own 1.17% of the company’s stock.

Hedge Funds Weigh In On PTC

Several institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. grew its holdings in shares of PTC by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock valued at $458,000 after acquiring an additional 55 shares in the last quarter. CWM LLC grew its holdings in shares of PTC by 6.9% in the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after acquiring an additional 75 shares in the last quarter. US Bancorp DE grew its holdings in shares of PTC by 0.8% in the fourth quarter. US Bancorp DE now owns 9,931 shares of the technology company’s stock valued at $1,738,000 after acquiring an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of PTC by 4.7% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,797 shares of the technology company’s stock valued at $314,000 after acquiring an additional 81 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in PTC by 25.7% during the first quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock valued at $51,000 after purchasing an additional 82 shares during the period. 95.14% of the stock is owned by institutional investors.

PTC Company Profile

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.