Somewhat Favorable News Coverage Somewhat Unlikely to Impact PTC (PTC) Stock Price

Headlines about PTC (NASDAQ:PTC) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PTC earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.9012457182283 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $74.00 target price on shares of PTC in a research note on Friday, October 27th. Bank of America assumed coverage on shares of PTC in a research note on Monday, November 6th. They set an “underperform” rating and a $60.00 target price on the stock. Wedbush reiterated an “outperform” rating and set a $69.00 price target on shares of PTC in a research report on Tuesday, November 14th. BidaskClub cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, J P Morgan Chase & Co cut shares of PTC from an “overweight” rating to a “neutral” rating and set a $68.00 price target for the company. in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.13.

Shares of PTC (NASDAQ:PTC) traded up $0.59 during mid-day trading on Thursday, hitting $60.05. 756,753 shares of the company were exchanged, compared to its average volume of 1,176,334. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6,950.10, a PE ratio of 101.44 and a beta of 1.33. PTC has a 52-week low of $45.72 and a 52-week high of $67.12.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $306.38 million during the quarter, compared to analyst estimates of $306.59 million. PTC had a net margin of 0.54% and a return on equity of 8.08%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. equities analysts forecast that PTC will post 0.81 earnings per share for the current fiscal year.

PTC declared that its Board of Directors has authorized a share repurchase plan on Tuesday, September 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $1,614,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Schechter sold 1,128 shares of PTC stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.88, for a total transaction of $75,440.64. Following the completion of the transaction, the director now owns 64,826 shares of the company’s stock, valued at approximately $4,335,562.88. The disclosure for this sale can be found here. Insiders sold 55,924 shares of company stock valued at $3,627,304 in the last 90 days. Company insiders own 1.11% of the company’s stock.

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PTC Company Profile

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.

Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

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