PTC Inc (NASDAQ:PTC) – Research analysts at Seaport Global Securities reduced their Q3 2019 earnings per share estimates for PTC in a report released on Friday, July 19th. Seaport Global Securities analyst J. Sullivan now expects that the technology company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.18. Seaport Global Securities also issued estimates for PTC’s FY2019 earnings at $1.02 EPS.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. PTC had a net margin of 3.06% and a return on equity of 11.68%. The company had revenue of $315.50 million for the quarter, compared to analysts’ expectations of $312.29 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. PTC’s quarterly revenue was up 2.5% on a year-over-year basis.
Several other brokerages have also recently weighed in on PTC. Deutsche Bank reduced their price target on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, July 19th. KeyCorp boosted their price objective on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Bank of America reiterated an “underperform” rating and set a $86.00 price objective on shares of PTC in a research report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $7.00 price objective on shares of Deutsche Bank in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $101.00.
Shares of PTC opened at $90.60 on Monday. The stock has a fifty day simple moving average of $88.91. PTC has a fifty-two week low of $76.67 and a fifty-two week high of $107.44. The company has a market capitalization of $10.12 billion, a PE ratio of 100.67, a PEG ratio of 2.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32.
In other news, insider James E. Heppelmann sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total value of $1,335,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 15,700 shares of company stock worth $1,395,738 in the last quarter. Company insiders own 9.91% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Arlington Partners LLC bought a new position in shares of PTC in the second quarter worth about $64,000. Machina Capital S.A.S. grew its holdings in shares of PTC by 17,775.0% in the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock worth $64,000 after purchasing an additional 711 shares during the last quarter. First Manhattan Co. bought a new position in shares of PTC in the first quarter worth about $92,000. Manchester Capital Management LLC bought a new position in shares of PTC in the first quarter worth about $115,000. Finally, Pearl River Capital LLC grew its holdings in shares of PTC by 201.7% in the first quarter. Pearl River Capital LLC now owns 2,112 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,412 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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