PTC (NASDAQ:PTC) Price Target Lowered to $200.00 at Mizuho

PTC (NASDAQ:PTC) had its price target reduced by Mizuho from $210.00 to $200.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

PTC has been the subject of several other research reports. Robert W. Baird reissued an outperform rating and issued a $210.00 price target on shares of PTC in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. raised PTC from a neutral rating to an overweight rating and upped their price target for the company from $130.00 to $200.00 in a research note on Thursday, January 4th. Oppenheimer raised their price objective on PTC from $190.00 to $210.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. BMO Capital Markets upped their target price 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. Finally, Royal Bank of Canada reiterated an outperform rating and set a $202.00 price target on shares of PTC in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $200.64.

PTC Stock Up 3.0 %

NASDAQ PTC opened at $175.77 on Thursday. PTC has a one year low of $124.42 and a one year high of $194.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32. The business has a fifty day moving average price of $183.30 and a 200 day moving average price of $171.18. The company has a market cap of $21.01 billion, a P/E ratio of 73.54, a P/E/G ratio of 3.05 and a beta of 1.19.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. Research analysts anticipate that PTC will post 3.47 EPS for the current fiscal year.

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PTC. Legacy Financial Group LLC purchased a new stake in PTC during the third quarter worth approximately $28,000. Lindbrook Capital LLC lifted its position in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Riverview Trust Co acquired a new position in shares of PTC in the 1st quarter valued at $34,000. Resources Management Corp CT ADV grew its position in shares of PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in PTC during the 4th quarter worth $46,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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.