Barclays Lowers PTC (NASDAQ:PTC) Price Target to $175.00

PTC (NASDAQ:PTC) had its price target decreased by stock analysts at Barclays from $215.00 to $175.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 19.17% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup dropped their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Finally, StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.91.

PTC Price Performance

NASDAQ PTC traded up $1.53 on Monday, hitting $146.85. The company had a trading volume of 524,378 shares, compared to its average volume of 873,022. PTC has a 12-month low of $133.38 and a 12-month high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company’s fifty day moving average price is $159.47 and its 200-day moving average price is $178.55. The company has a market capitalization of $17.67 billion, a PE ratio of 45.32, a PEG ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, analysts predict that PTC will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The shares were 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 $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tilia Fiduciary Partners Inc. boosted its holdings 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 valued at $1,657,000 after acquiring an additional 512 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after purchasing an additional 178 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of PTC by 2.4% during the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock worth $514,000 after purchasing an additional 78 shares during the last quarter. Sendero Wealth Management LLC acquired a new position in shares of PTC during the 1st quarter valued at about $358,000. Finally, Silverberg Bernstein Capital Management LLC grew its stake in shares of PTC by 5.0% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 50,308 shares of the technology company’s stock valued at $7,795,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About PTC

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.