PTC Inc. (PTC) – What Are Analysts Thinking About This Stock?

PTC Inc. (NASDAQ:PTC) has been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $200.06.

PTC has been the subject of several research reports. JPMorgan Chase & Co. raised PTC from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $145.00 to $205.00 in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft lowered PTC to a “hold” rating and set a $205.00 price target on the stock. in a research report on Monday, October 5th. Piper Sandler reduced their price target on PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Stifel Nicolaus set a $205.00 price objective on PTC in a report on Monday, October 5th. Finally, KeyCorp cut shares of PTC from an “overweight” rating to a “sector weight” rating in a report on Monday, October 5th.

PTC Stock Performance

Shares of PTC opened at $195.54 on Monday. The company has a 50-day simple moving average of $162.93 and a two-hundred day simple moving average of $147.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $21.22 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.57 and a beta of 0.92. PTC has a one year low of $108.50 and a one year high of $199.51.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the transaction, the director owned 6,679 shares of the company’s stock, valued at $1,307,414.25. The trade was a 20.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PTC. EverSource Wealth Advisors LLC lifted its position in PTC by 13.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock valued at $107,000 after acquiring an additional 89 shares in the last quarter. D.A. Davidson & CO. raised its position in PTC by 2.7% in the 1st quarter. D.A. Davidson & CO. now owns 3,783 shares of the technology company’s stock worth $539,000 after buying an additional 101 shares during the last quarter. Covestor Ltd raised its position in PTC by 25.3% in the 2nd quarter. Covestor Ltd now owns 500 shares of the technology company’s stock worth $57,000 after buying an additional 101 shares during the last quarter. Apollon Wealth Management LLC raised its position in PTC by 6.3% in the 1st quarter. Apollon Wealth Management LLC now owns 1,997 shares of the technology company’s stock worth $285,000 after buying an additional 118 shares during the last quarter. Finally, Patton Fund Management Inc. raised its holdings in shares of PTC by 12.1% during the first quarter. Patton Fund Management Inc. now owns 1,465 shares of the technology company’s stock valued at $209,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc (NASDAQ: PTC) develops software that helps manufacturers and other industrial companies design, manage, and optimize products and production processes. Its portfolio supports computer-aided design, product lifecycle management, digital manufacturing, and industrial Internet of Things initiatives.

The company’s products include Creo for 3D computer-aided design and engineering, Windchill for product lifecycle management, and Codebeamer for application lifecycle management. PTC also offers ThingWorx for industrial connectivity and IoT applications, Kepware for industrial automation connectivity, and Vuforia for augmented reality solutions.

Founded in 1985, PTC serves customers globally across industries such as automotive, aerospace and defense, industrial equipment, electronics, and life sciences.