PTC Inc (NASDAQ:PTC) has been assigned a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $106.50.

Several research analysts have recently commented on the company. Mizuho assumed coverage on PTC in a report on Thursday, April 11th. They set a “buy” rating and a $120.00 price target on the stock. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research raised PTC from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research report on Friday, April 12th. KeyCorp initiated coverage on PTC in a research report on Wednesday, April 10th. They set an “overweight” rating and a $111.00 price objective for the company. Finally, TheStreet raised PTC from a “c+” rating to a “b-” rating in a research report on Monday, February 25th.

In related news, Director Corinna Lathan sold 2,260 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $91.47, for a total transaction of $206,722.20. Following the completion of the sale, the director now owns 5,497 shares in the company, valued at $502,810.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew Miller sold 44,462 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $4,148,749.22. The disclosure for this sale can be found here. Insiders sold a total of 154,127 shares of company stock valued at $13,548,383 in the last quarter. Company insiders own 9.91% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PTC. Riverview Trust Co purchased a new stake in PTC in the fourth quarter valued at approximately $31,000. Oregon Public Employees Retirement Fund lifted its stake in PTC by 8,190.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock valued at $42,000 after buying an additional 3,455,607 shares during the last quarter. Pearl River Capital LLC purchased a new stake in PTC in the fourth quarter valued at approximately $58,000. Mondrian Capital Management LLC purchased a new stake in PTC in the fourth quarter valued at approximately $83,000. Finally, First Manhattan Co. purchased a new stake in PTC in the first quarter valued at approximately $92,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

NASDAQ PTC opened at $97.60 on Tuesday. PTC has a 52 week low of $76.67 and a 52 week high of $107.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $11.40 billion, a PE ratio of 108.44, a P/E/G ratio of 2.61 and a beta of 1.25.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. PTC had a return on equity of 12.70% and a net margin of 4.65%. The business had revenue of $334.96 million for the quarter, compared to analyst estimates of $324.70 million. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that PTC will post 1.07 earnings per share for the current fiscal year.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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