PTC (NASDAQ:PTC) Earns Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of PTC (NASDAQ:PTC) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a $160.00 target price on the technology company’s stock, down from their prior target price of $210.00.

Several other equities research analysts also recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. KeyCorp upped their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $205.55.

PTC Trading Down 2.9 %

Shares of PTC stock traded down $4.32 during midday trading on Wednesday, reaching $144.92. The company had a trading volume of 423,078 shares, compared to its average volume of 870,907. The stock has a fifty day moving average price of $161.31 and a 200 day moving average price of $179.02. PTC has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The firm has a market cap of $17.44 billion, a PE ratio of 44.48, a P/E/G ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS 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%. On average, equities analysts anticipate that PTC will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by insiders.

Institutional Investors Weigh In On PTC

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter worth about $30,000. Allworth Financial LP raised its position in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Pinney & Scofield Inc. bought a new position in shares of PTC during the 4th quarter valued at approximately $47,000. Kapitalo Investimentos Ltda purchased a new stake in shares of PTC during the 4th quarter worth approximately $51,000. Finally, Assetmark Inc. raised its holdings in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the period. 95.14% of the stock is owned by hedge funds and other 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.