PTC Inc (NASDAQ:PTC) Receives Average Recommendation of “Hold” from Analysts

Shares of PTC Inc (NASDAQ:PTC) have earned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $85.54.

PTC has been the topic of a number of analyst reports. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $83.00 target price on shares of PTC in a research note on Tuesday, November 26th. Citigroup reduced their target price on shares of PTC from $89.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. ValuEngine raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

In other news, EVP Kathleen Mitford sold 613 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $73.39, for a total value of $44,988.07. Following the sale, the executive vice president now directly owns 20,932 shares of the company’s stock, valued at approximately $1,536,199.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $74.65, for a total transaction of $1,866,250.00. Insiders sold a total of 26,553 shares of company stock worth $1,979,228 over the last three months. Insiders own 9.91% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PTC. Public Employees Retirement System of Ohio increased its stake in PTC by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,694 shares of the technology company’s stock worth $2,365,000 after buying an additional 176 shares during the period. Optimum Investment Advisors grew its holdings in PTC by 7.7% during the 2nd quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock worth $251,000 after acquiring an additional 200 shares in the last quarter. First National Bank of Omaha grew its holdings in PTC by 0.7% during the 3rd quarter. First National Bank of Omaha now owns 31,068 shares of the technology company’s stock worth $2,118,000 after acquiring an additional 218 shares in the last quarter. Tiverton Asset Management LLC grew its holdings in PTC by 8.5% during the 2nd quarter. Tiverton Asset Management LLC now owns 2,794 shares of the technology company’s stock worth $251,000 after acquiring an additional 219 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in PTC by 1.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,740 shares of the technology company’s stock worth $1,772,000 after acquiring an additional 270 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

PTC stock traded down $0.74 during trading on Wednesday, reaching $75.02. 680,846 shares of the stock were exchanged, compared to its average volume of 1,152,192. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $71.35 and a 200-day moving average price of $75.12. PTC has a 1 year low of $62.05 and a 1 year high of $102.47. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 82.44 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. PTC had a net margin of 2.33% and a return on equity of 12.23%. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $333.86 million. During the same period in the previous year, the firm earned $0.45 earnings per share. PTC’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that PTC will post 1.36 EPS for the current year.

About PTC

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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