PTC (NASDAQ:PTC) Reaches New 12-Month Low – Time to Sell?

PTC Inc. (NASDAQ:PTC) hit a new 52-week low during trading on Wednesday . The stock traded as low as $133.38 and last traded at $149.24, with a volume of 1450119 shares traded. The stock had previously closed at $136.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PTC shares. KeyCorp boosted their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday. Citigroup lowered their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note 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 cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

PTC Price Performance

The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.27 and a beta of 1.17. The company’s 50 day simple moving average is $161.31 and its 200-day simple moving average is $179.02. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in PTC in the fourth quarter valued at approximately $30,000. Allworth Financial LP raised its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the period. Pinney & Scofield Inc. purchased a new position in PTC in the fourth quarter valued at approximately $47,000. Kapitalo Investimentos Ltda purchased a new position in PTC in the fourth quarter valued at approximately $51,000. Finally, Assetmark Inc. raised its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors 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.