BMO Capital Markets Has Lowered Expectations for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price objective reduced by investment analysts at BMO Capital Markets from $220.00 to $183.00 in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 24.44% from the stock’s current price.

A number of other analysts have also commented on PTC. Barclays lowered their price objective on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research report on Monday. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Finally, StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.83.

PTC Trading Up 0.4 %

Shares of NASDAQ PTC opened at $147.06 on Wednesday. PTC has a 1-year low of $133.38 and a 1-year 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 company has a 50-day moving average of $158.12 and a two-hundred day moving average of $178.08. The company has a market cap of $17.69 billion, a PE ratio of 45.39, a P/E/G ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the 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 sale, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PTC

Several institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. lifted its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock valued at $2,627,961,000 after acquiring an additional 240,080 shares in the last quarter. Geode Capital Management LLC boosted its position in PTC by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company’s stock worth $555,626,000 after acquiring an additional 67,504 shares during the last quarter. Fernbridge Capital Management LP grew its stake in shares of PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company’s stock worth $278,484,000 after acquiring an additional 85,564 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PTC by 11.0% in the fourth quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company’s stock valued at $241,472,000 after purchasing an additional 129,910 shares during the last quarter. 95.14% of the stock is owned by 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.