PTC Inc (NASDAQ:PTC) Given Consensus Rating of “Hold” by Brokerages

Shares of PTC Inc (NASDAQ:PTC) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $90.58.

PTC has been the subject of several recent research reports. BidaskClub lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Guggenheim lowered shares of PTC from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Zacks Investment Research lowered shares of PTC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Bank of America reiterated an “underperform” rating and issued a $65.00 price target (down from $80.00) on shares of PTC in a research report on Thursday, July 25th. Finally, Citigroup set a $89.00 price target on shares of PTC and gave the stock a “hold” rating in a research report on Friday, July 26th.

NASDAQ PTC traded up $1.13 during trading hours on Monday, hitting $66.51. 16,307 shares of the company’s stock traded hands, compared to its average volume of 2,068,455. The business’s fifty day moving average price is $79.92 and its two-hundred day moving average price is $87.54. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $7.34 billion, a P/E ratio of 73.98, a P/E/G ratio of 1.90 and a beta of 1.15. PTC has a 52 week low of $62.05 and a 52 week high of $107.44.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.18. The company had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. On average, sell-side analysts expect that PTC will post 1.09 EPS for the current fiscal year.

In other news, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total value of $337,850.00. Following the transaction, the director now owns 49,797 shares of the company’s stock, valued at $3,364,783.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew Lessner Cohen sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at approximately $2,310,480. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,950 shares of company stock valued at $1,536,636. Company insiders own 9.91% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in PTC during the second quarter valued at $45,000. Arlington Partners LLC purchased a new stake in PTC during the second quarter valued at $64,000. Machina Capital S.A.S. raised its stake in PTC by 17,775.0% during the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock valued at $64,000 after purchasing an additional 711 shares in the last quarter. First Manhattan Co. purchased a new stake in PTC during the first quarter valued at $92,000. Finally, Manchester Capital Management LLC purchased a new stake in PTC during the first quarter valued at $115,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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