PTC Inc. (NASDAQ:PTC) Receives $207.54 Consensus Target Price from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $207.54.

PTC has been the subject of several research reports. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and lowered their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Piper Sandler increased their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock valued at $3,630,716 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTC. Acadian Asset Management LLC increased its position in PTC by 24.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,553 shares of the technology company’s stock valued at $462,000 after purchasing an additional 506 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of PTC by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 115,945 shares of the technology company’s stock valued at $20,977,000 after buying an additional 909 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of PTC in the 2nd quarter valued at about $210,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of PTC by 16.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,726 shares of the technology company’s stock valued at $677,000 after buying an additional 536 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of PTC by 66.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company’s stock valued at $42,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $187.79 on Tuesday. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a fifty day moving average price of $191.52 and a 200 day moving average price of $182.98. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of 60.38, a P/E/G ratio of 2.47 and a beta of 1.18.

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.