PTC (NASDAQ:PTC) Hits New 1-Year Low – Here’s What Happened

PTC Inc. (NASDAQ:PTC)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $146.92 and last traded at $147.90, with a volume of 116930 shares traded. The stock had previously closed at $157.16.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp increased their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Citigroup decreased their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Down 5.1 %

The firm’s fifty day moving average price is $167.93 and its 200-day moving average price is $180.66. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 46.04, a P/E/G ratio of 2.27 and a beta of 1.22. 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 posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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 expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by insiders.

Institutional Trading of PTC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after acquiring an additional 9,893 shares in the last quarter. JPMorgan Chase & Co. grew its position in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of PTC in the fourth quarter valued at $1,113,000. Proficio Capital Partners LLC acquired a new position in PTC during the fourth quarter valued at $8,858,000. Finally, Jones Financial Companies Lllp boosted its position in PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.