Somewhat Positive News Coverage Somewhat Unlikely to Impact PTC (PTC) Stock Price
News articles about PTC (NASDAQ:PTC) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PTC earned a news impact score of 0.24 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.4848328002428 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Interesting PTC Put And Call Options For January 2020 (nasdaq.com)
- Zacks: Analysts Anticipate PTC Inc. (PTC) Will Announce Quarterly Sales of $305.83 Million (americanbankingnews.com)
- PTC Inc. (PTC) Expected to Post Earnings of $0.37 Per Share (americanbankingnews.com)
- PTC to Move Global Headquarters to Boston Seaport (finance.yahoo.com)
- PTC Inc (PTC) Closes Above PSAR – Evergreen Caller (evergreencaller.com)
Shares of PTC (PTC) opened at 56.05 on Thursday. The stock’s market cap is $6.48 billion. The firm has a 50-day moving average of $54.71 and a 200 day moving average of $55.04. PTC has a 1-year low of $43.01 and a 1-year high of $60.22.
PTC (NASDAQ:PTC) last posted its quarterly earnings data 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 for 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%. PTC’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Equities research analysts forecast that PTC will post $1.20 earnings per share for the current year.
Several equities analysts recently weighed in on PTC shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of PTC in a research report on Monday, September 4th. Evercore ISI set a $65.00 price target on shares of PTC and gave the company a “buy” rating in a research report on Monday, August 28th. Berenberg Bank started coverage on shares of PTC in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $66.00 price target on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of PTC in a research report on Monday, July 17th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Benchmark Co. started coverage on shares of PTC in a research report on Thursday, May 18th. They issued a “buy” rating and a $65.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. PTC presently has a consensus rating of “Buy” and a consensus price target of $62.65.
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In other news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total value of $268,850.00. Following the transaction, the director now owns 62,300 shares in the company, valued at $3,349,871. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Anthony Dibona sold 2,205 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $55.88, for a total transaction of $123,215.40. Following the completion of the transaction, the executive vice president now owns 22,228 shares in the company, valued at approximately $1,242,100.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,329 shares of company stock worth $3,588,097. Insiders own 1.02% 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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