PTC (NASDAQ:PTC) had its price target raised by Royal Bank of Canada to $80.00 in a report released on Thursday. Royal Bank of Canada currently has an outperform rating on the technology company’s stock.

Other analysts have also issued reports about the company. Wedbush reaffirmed an outperform rating and issued a $57.00 price target on shares of PTC in a research note on Thursday, October 5th. Bank of America began coverage on PTC in a research note on Monday, November 6th. They issued an underperform rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lowered PTC from an overweight rating to a neutral rating and set a $68.00 price target on the stock. in a research note on Tuesday, December 12th. BidaskClub raised PTC from a buy rating to a strong-buy rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird set a $65.00 price target on PTC and gave the stock a buy rating in a research note on Friday, October 6th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $70.81.

Shares of PTC (PTC) traded up $1.51 on Thursday, reaching $71.46. The company’s stock had a trading volume of 2,175,943 shares, compared to its average volume of 1,223,992. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 0.98. PTC has a one year low of $49.12 and a one year high of $74.88. The firm has a market capitalization of $8,300.00, a price-to-earnings ratio of 297.75 and a beta of 1.34.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. PTC had a return on equity of 9.38% and a net margin of 2.47%. The company had revenue of $306.44 million for the quarter, compared to analyst estimates of $300.17 million. During the same period last year, the company earned $0.26 earnings per share. PTC’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that PTC will post 0.81 earnings per share for the current fiscal year.

In other PTC news, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total transaction of $1,614,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Staats Aaron C. Von sold 9,947 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.67, for a total value of $643,272.49. The disclosure for this sale can be found here. Insiders have sold 55,924 shares of company stock worth $3,627,304 in the last three months. 1.11% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in PTC during the fourth quarter worth $510,000. Oakbrook Investments LLC boosted its stake in PTC by 19.1% during the fourth quarter. Oakbrook Investments LLC now owns 9,470 shares of the technology company’s stock worth $575,000 after buying an additional 1,520 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in PTC by 2.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 472,552 shares of the technology company’s stock worth $28,717,000 after buying an additional 11,110 shares during the last quarter. Bank of Montreal Can boosted its stake in PTC by 120.4% during the fourth quarter. Bank of Montreal Can now owns 16,212 shares of the technology company’s stock worth $985,000 after buying an additional 8,857 shares during the last quarter. Finally, AXA boosted its stake in PTC by 15.9% during the third quarter. AXA now owns 1,161,468 shares of the technology company’s stock worth $65,367,000 after buying an additional 159,329 shares during the last quarter.

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PTC Company Profile

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)

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