News headlines about PTC (NASDAQ:PTC) have trended positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PTC earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.8511095714016 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- PTC Inc. (PTC) Short Interest Up 47.2% in July (americanbankingnews.com)
- New Board Members Named to PTC Foundation (indexjournal.com)
- Companies Select CAD Software from PTC to Enhance Product Design and Development (finance.yahoo.com)
- (NASDAQ:PCLN) Releases Earnings Results, Beats Expectations By $0.87 EPS (wisdomsave.com)
- Zejula blasts off, Nuplazid keeps soaring; catalysts ahead for Jazz, PTC (bioworld.com)
A number of analysts have recently weighed in on the company. Barclays PLC reiterated an “overweight” rating and set a $65.00 target price (down from $67.00) on shares of PTC in a research report on Saturday, July 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $68.00 target price on shares of PTC in a research report on Thursday, July 20th. Pacific Crest upped their target price on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Griffin Securities upped their target price on PTC from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, April 20th. Finally, BidaskClub downgraded PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.25.
PTC (PTC) opened at 53.34 on Friday. The stock’s 50 day moving average price is $55.82 and its 200-day moving average price is $54.87. PTC has a 12-month low of $41.14 and a 12-month high of $60.22. The firm’s market cap is $6.17 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The firm had revenue of $291.92 million during the quarter, compared to analyst estimates of $290.55 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that PTC will post $1.20 earnings per share for the current fiscal year.
In other PTC news, EVP Anthony Dibona sold 2,205 shares of PTC stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $55.88, for a total transaction of $123,215.40. Following the completion of the sale, the executive vice president now owns 22,228 shares of the company’s stock, valued at $1,242,100.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Barry F. Cohen sold 27,374 shares of PTC stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $54.67, for a total value of $1,496,536.58. Following the sale, the executive vice president now directly owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,329 shares of company stock valued at $3,588,097. Corporate insiders own 1.11% of the company’s stock.
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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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