PTC (PTC) Receiving Somewhat Favorable News Coverage, Study Shows
News coverage about PTC (NASDAQ:PTC) has been trending somewhat positive recently, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PTC earned a news impact score of 0.19 on Alpha One’s scale. Alpha One also assigned media headlines about the technology company an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Alpha One’s analysis:
- PTC : Leading Innovative Companies Select PTC Creo CAD Software (4-traders.com)
- Is It Undervalued? Look at the P/E Ratio: PTC Inc. (PTC), United States Steel Corporation (X) – AllStockNews (allstocknews.com)
- Connected developments: Early success of Internet of Things spurs investment surge (bizjournals.com)
Shares of PTC (NASDAQ PTC) traded up 0.30% during midday trading on Friday, hitting $57.14. The company had a trading volume of 1,302,914 shares. The firm’s market capitalization is $6.60 billion. The company has a 50-day moving average of $55.80 and a 200 day moving average of $52.65. PTC has a 12 month low of $34.68 and a 12 month high of $60.15.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 19th. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. PTC had a positive return on equity of 7.22% and a negative net margin of 3.12%. The firm had revenue of $280 million during the quarter, compared to analysts’ expectations of $283.81 million. During the same period in the previous year, the firm posted $0.23 EPS. PTC’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that PTC will post $1.21 EPS for the current fiscal year.
PTC has been the topic of several recent research reports. Seaport Global Securities initiated coverage on PTC in a report on Wednesday, March 1st. They set a “buy” rating and a $69.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and set a $59.00 price objective on shares of PTC in a report on Friday, March 3rd. Royal Bank of Canada upped their price objective on PTC from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, March 24th. Evercore ISI set a $65.00 price objective on PTC and gave the stock a “buy” rating in a report on Saturday, March 25th. Finally, Guggenheim began coverage on PTC in a report on Wednesday, April 12th. They set a “neutral” rating and a $50.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $61.73.
In other news, VP Staats Aaron C. Von sold 8,625 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $54.38, for a total transaction of $469,027.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony Dibona sold 3,308 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $53.56, for a total value of $177,176.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,353 shares of company stock valued at $2,080,765. Insiders own 1.11% of the company’s stock.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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