Shares of PTC Inc (NASDAQ:PTC) have earned an average recommendation of “Hold” from the twenty analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $91.00.

PTC has been the subject of several research reports. Wedbush decreased their price target on shares of PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Citigroup set a $89.00 price target on shares of PTC and gave the stock a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada cut shares of PTC from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $110.00 to $85.00 in a research note on Thursday, July 25th. Griffin Securities downgraded PTC from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research downgraded PTC from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

In other PTC news, EVP Matthew Lessner Cohen sold 10,000 shares of the firm’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 sale, the executive vice president now owns 25,672 shares of the company’s stock, valued at approximately $2,310,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corinna Lathan sold 843 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $64.48, for a total value of $54,356.64. The disclosure for this sale can be found here. Insiders have sold a total of 19,793 shares of company stock valued at $1,586,532 in the last ninety days. Insiders own 9.91% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. HM Payson & Co. bought a new position in shares of PTC in the second quarter worth $45,000. Arlington Partners LLC bought a new position in shares of PTC in the second quarter worth $64,000. Machina Capital S.A.S. increased its position in shares of PTC by 17,775.0% in the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock worth $64,000 after purchasing an additional 711 shares during the period. Manchester Capital Management LLC bought a new position in shares of PTC in the first quarter worth $115,000. Finally, CSat Investment Advisory L.P. bought a new position in shares of PTC in the second quarter worth $120,000. 91.75% of the stock is owned by institutional investors and hedge funds.

NASDAQ PTC traded up $1.19 during trading hours on Friday, reaching $67.59. 23,670 shares of the company’s stock were exchanged, compared to its average volume of 1,046,815. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 74.87, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. PTC has a one year low of $62.05 and a one year high of $107.44. The company’s 50-day moving average is $67.20 and its two-hundred day moving average is $84.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.18. The company had revenue of $322.40 million during the quarter, compared to analysts’ expectations of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. Research analysts predict that PTC will post 1.09 earnings per share for the current fiscal year.

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.

Featured Article: Asset Allocation and Your Retirement

Analyst Recommendations for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.