PTC (NASDAQ:PTC) Upgraded to Buy by StockNews.com

PTC (NASDAQ:PTC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the company. Rosenblatt Securities restated a “buy” rating and set a $195.00 target price on shares of PTC in a research note on Friday, April 12th. BMO Capital Markets upped their target price on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $210.00 target price on shares of PTC in a research report on Tuesday, April 2nd. Oppenheimer boosted their price target on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, KeyCorp lifted their target price on PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $196.73.

PTC Stock Up 0.4 %

Shares of PTC stock opened at $176.37 on Thursday. PTC has a 52-week low of $120.62 and a 52-week high of $194.24. The company has a 50 day moving average of $183.49 and a 200 day moving average of $168.64. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $21.09 billion, a P/E ratio of 89.53, a P/E/G ratio of 3.17 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. As a group, research analysts forecast that PTC will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders have sold a total of 36,415 shares of company stock valued at $6,457,478 over the last quarter. 1.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PTC

A number of large investors have recently modified their holdings of the business. Coldstream Capital Management Inc. raised its position in PTC by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock worth $458,000 after acquiring an additional 55 shares in the last quarter. CWM LLC increased its holdings in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. US Bancorp DE lifted its stake in shares of PTC by 0.8% in the fourth quarter. US Bancorp DE now owns 9,931 shares of the technology company’s stock valued at $1,738,000 after purchasing an additional 77 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in PTC by 4.7% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,797 shares of the technology company’s stock worth $314,000 after buying an additional 81 shares in the last quarter. Finally, Stephens Inc. AR grew its position in PTC by 25.7% during the first quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock worth $51,000 after buying an additional 82 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.