PTC (NASDAQ:PTC)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued to investors on Wednesday, The Fly reports. They currently have a $91.00 target price on the technology company’s stock, up from their prior target price of $78.00. Wedbush’s price target indicates a potential upside of 14.49% from the stock’s current price.

Several other equities analysts have also recently issued reports on PTC. BidaskClub cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. cut shares of PTC from an “overweight” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research note on Tuesday, December 12th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price objective on shares of PTC in a research note on Thursday, January 4th. Evercore ISI reiterated a “buy” rating and issued a $85.00 price objective on shares of PTC in a research note on Thursday, January 18th. Finally, Citigroup increased their price objective on shares of PTC to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $73.25.

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PTC (NASDAQ:PTC) opened at $79.48 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 1.02. The stock has a market cap of $9,349.27, a PE ratio of 317.92, a price-to-earnings-growth ratio of 2.88 and a beta of 1.42. PTC has a one year low of $50.68 and a one year high of $81.72.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $306.44 million for the quarter, compared to analysts’ expectations of $300.17 million. PTC had a net margin of 2.47% and a return on equity of 9.29%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. equities research analysts forecast that PTC will post 0.78 earnings per share for the current fiscal year.

In related news, EVP Anthony Dibona sold 5,464 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the transaction, the executive vice president now directly owns 36,317 shares of the company’s stock, valued at $2,686,368.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $72.34, for a total transaction of $1,808,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,964 shares of company stock valued at $2,765,872. 1.19% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new position in PTC in the fourth quarter valued at about $574,000. Pennant Capital Management LLC grew its stake in PTC by 57.9% in the fourth quarter. Pennant Capital Management LLC now owns 658,587 shares of the technology company’s stock valued at $40,022,000 after purchasing an additional 241,595 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in PTC in the fourth quarter valued at about $4,445,000. Gotham Asset Management LLC purchased a new position in PTC in the fourth quarter valued at about $1,067,000. Finally, Pacific Grove Capital LP grew its stake in PTC by 43.8% in the fourth quarter. Pacific Grove Capital LP now owns 115,000 shares of the technology company’s stock valued at $6,989,000 after purchasing an additional 35,000 shares during the last quarter. 97.98% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for PTC (NASDAQ:PTC)

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