Barclays PLC reiterated their overweight rating on shares of PTC Inc. (NASDAQ:PTC) in a report released on Saturday morning. Barclays PLC currently has a $65.00 target price on the technology company’s stock, down from their previous target price of $67.00.

A number of other equities analysts have also issued reports on PTC. Royal Bank Of Canada increased their target price on shares of PTC from $55.00 to $62.00 and gave the company an outperform rating in a research report on Friday, March 24th. Evercore ISI set a $65.00 target price on shares of PTC and gave the company a buy rating in a research report on Saturday, March 25th. Wedbush reiterated an outperform rating and issued a $59.00 target price on shares of PTC in a research report on Tuesday, April 11th. Guggenheim started coverage on shares of PTC in a research report on Wednesday, April 12th. They issued a neutral rating and a $50.00 target price for the company. They noted that the move was a valuation call. Finally, Griffin Securities increased their target price on shares of PTC from $55.00 to $65.00 and gave the company a buy rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. PTC has a consensus rating of Buy and an average price target of $62.25.

Shares of PTC (PTC) traded up 2.07% during mid-day trading on Friday, hitting $55.22. 3,511,102 shares of the company traded hands. PTC has a 52-week low of $39.19 and a 52-week high of $60.22. The firm has a 50-day moving average price of $57.31 and a 200 day moving average price of $54.25. The firm’s market cap is $6.38 billion.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $291.92 million during the quarter, compared to analyst estimates of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that PTC will post $1.20 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/23/ptc-inc-ptc-receives-overweight-rating-from-barclays-plc.html.

In other news, VP Staats Aaron C. Von sold 8,625 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $54.38, for a total transaction of $469,027.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony Dibona sold 3,308 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $53.56, for a total transaction of $177,176.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,933 shares of company stock valued at $2,005,704. Insiders own 1.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock valued at $541,450,000 after buying an additional 10,203,410 shares during the period. FMR LLC raised its stake in PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock worth $270,642,000 after buying an additional 2,755,079 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in PTC during the first quarter worth approximately $130,787,000. Thornburg Investment Management Inc. purchased a new stake in PTC during the first quarter worth approximately $109,170,000. Finally, UBS Asset Management Americas Inc. raised its stake in PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock worth $67,431,000 after buying an additional 1,370,223 shares in the last quarter.

About PTC

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.

Analyst Recommendations for PTC (NASDAQ:PTC)

Receive News & Stock Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related stocks with our FREE daily email newsletter.