PTC (NASDAQ:PTC) Given New $160.00 Price Target at Mizuho

PTC (NASDAQ:PTC) had its price target decreased by Mizuho from $190.00 to $160.00 in a research report released on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

PTC has been the subject of several other research reports. KeyCorp raised their price target on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $160.00 target price (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average price target of $199.18.

PTC Trading Up 0.4 %

PTC stock opened at $147.06 on Tuesday. PTC has a 12 month low of $133.38 and a 12 month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $158.12 and its two-hundred day simple moving average is $178.08. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities analysts predict that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of PTC

A number of hedge funds and other institutional investors have recently bought and sold shares of PTC. Fifth Third Bancorp grew its stake in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock valued at $517,000 after acquiring an additional 473 shares during the period. CX Institutional purchased a new position in PTC during the first quarter valued at approximately $120,000. Tilia Fiduciary Partners Inc. boosted its position in shares of PTC by 5.0% in the first quarter. Tilia Fiduciary Partners Inc. now owns 10,692 shares of the technology company’s stock worth $1,657,000 after purchasing an additional 512 shares during the period. UMB Bank n.a. increased its stake in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after purchasing an additional 178 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in shares of PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock valued at $514,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.