PTC (NASDAQ:PTC) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a report issued on Tuesday morning.

Several other research firms also recently issued reports on PTC. Robert W. Baird upped their price objective on shares of PTC from $210.00 to $216.00 and gave the company an outperform rating in a report on Thursday, May 2nd. Citigroup reduced their price target on PTC from $195.00 to $187.00 and set a neutral rating for the company in a research report on Thursday, May 2nd. Barclays upped their price objective on PTC from $198.00 to $215.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Royal Bank of Canada reaffirmed an outperform rating and set a $202.00 target price on shares of PTC in a report on Thursday, February 1st. Finally, BMO Capital Markets raised their price target on shares of PTC from $195.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of Moderate Buy and an average target price of $200.64.

PTC Stock Performance

Shares of PTC stock opened at $178.38 on Tuesday. PTC has a 12-month low of $127.89 and a 12-month high of $194.24. The business’s fifty day simple moving average is $183.15 and its 200-day simple moving average is $172.08. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a market cap of $21.33 billion, a PE ratio of 74.64, a PEG ratio of 3.48 and a beta of 1.19.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of institutional investors have recently made changes to their positions in PTC. Cambridge Investment Research Advisors Inc. grew its stake in PTC by 23.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the technology company’s stock worth $881,000 after purchasing an additional 1,167 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of PTC by 2.8% during the 3rd quarter. Mackenzie Financial Corp now owns 8,808 shares of the technology company’s stock worth $1,214,000 after acquiring an additional 242 shares in the last quarter. Strs Ohio raised its position in shares of PTC by 29.1% during the 3rd quarter. Strs Ohio now owns 12,307 shares of the technology company’s stock worth $1,743,000 after acquiring an additional 2,777 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in PTC by 16.8% in the third quarter. IFM Investors Pty Ltd now owns 25,181 shares of the technology company’s stock valued at $3,568,000 after purchasing an additional 3,629 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in PTC by 10.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 9,165 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 900 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.