Brokerages Set PTC Inc. (NASDAQ:PTC) PT at $192.08

Shares of PTC Inc. (NASDAQ:PTC) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $190.38.

A number of brokerages recently commented on PTC. BMO Capital Markets lowered their price objective on shares of PTC from $220.00 to $183.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Mizuho decreased their target price on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, KeyCorp decreased their target price on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th.

PTC Stock Performance

Shares of PTC opened at $151.83 on Thursday. The company’s 50 day moving average price is $154.06 and its 200 day moving average price is $176.04. PTC has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a market capitalization of $18.27 billion, a PE ratio of 46.86, a PEG ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On PTC

Large investors have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich raised its stake in PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after purchasing an additional 9,893 shares during the last quarter. JPMorgan Chase & Co. raised its stake in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the last quarter. Oak Thistle LLC acquired a new position in PTC during the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC acquired a new position in shares of PTC in the 4th quarter valued at $8,858,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of PTC during the 4th quarter worth about $223,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.