PTC Inc (NASDAQ:PTC) hit a new 52-week low during trading on Wednesday . The company traded as low as $62.94 and last traded at $62.94, with a volume of 6916 shares trading hands. The stock had previously closed at $65.80.

A number of research analysts recently commented on PTC shares. Citigroup set a $89.00 target price on PTC and gave the company a “hold” rating in a research note on Friday, July 26th. Stifel Nicolaus lowered PTC from a “buy” rating to a “hold” rating and cut their target price for the company from $105.00 to $84.00 in a research note on Thursday, July 25th. Wedbush cut their target price on PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. TheStreet lowered PTC from a “b-” rating to a “c” rating in a research note on Wednesday, April 24th. Finally, Deutsche Bank dropped their price objective on PTC from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $93.13.

The business’s fifty day moving average price is $81.33. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 69.33, a P/E/G ratio of 1.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 0.79.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.18. The business had revenue of $322.40 million for the quarter, compared to analysts’ expectations of $322.42 million. PTC had a return on equity of 11.18% and a net margin of 2.63%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. On average, equities analysts predict that PTC Inc will post 1.09 EPS for the current fiscal year.

In other PTC news, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $67.57, for a total transaction of $337,850.00. Following the transaction, the director now owns 49,797 shares in the company, valued at $3,364,783.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $73.33, for a total value of $219,990.00. Following the sale, the executive vice president now directly owns 14,154 shares in the company, valued at approximately $1,037,912.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,950 shares of company stock worth $1,536,636. Company insiders own 9.91% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in PTC by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 1,116,381 shares of the technology company’s stock worth $92,484,000 after purchasing an additional 65,279 shares during the period. Chartwell Investment Partners LLC lifted its holdings in PTC by 3.6% in the first quarter. Chartwell Investment Partners LLC now owns 15,458 shares of the technology company’s stock worth $1,425,000 after purchasing an additional 535 shares during the period. First Manhattan Co. acquired a new stake in PTC in the first quarter worth about $92,000. Retirement Systems of Alabama lifted its holdings in PTC by 0.3% in the first quarter. Retirement Systems of Alabama now owns 158,983 shares of the technology company’s stock worth $14,655,000 after purchasing an additional 511 shares during the period. Finally, Sciencast Management LP lifted its holdings in PTC by 108.4% in the first quarter. Sciencast Management LP now owns 10,210 shares of the technology company’s stock worth $962,000 after purchasing an additional 5,310 shares during the period. 91.32% of the stock is currently owned by institutional investors.

PTC Company Profile (NASDAQ: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.

Recommended Story: Bull Market

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