PTC Inc (NASDAQ:PTC) has been given an average rating of “Hold” by the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $85.54.

A number of research analysts have weighed in on PTC shares. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays started coverage on shares of PTC in a research report on Monday, November 4th. They set an “overweight” rating and a $81.00 target price for the company. ValuEngine raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Mizuho reissued a “buy” rating and set a $80.00 target price on shares of PTC in a research report on Tuesday, November 26th.

In other news, EVP Kathleen Mitford sold 340 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.50, for a total transaction of $26,010.00. Following the completion of the transaction, the executive vice president now owns 20,592 shares of the company’s stock, valued at $1,575,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $74.65, for a total transaction of $1,866,250.00. Insiders have sold 26,303 shares of company stock valued at $1,962,313 in the last ninety days. 10.13% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. HM Payson & Co. acquired a new position in PTC in the second quarter worth about $45,000. CSat Investment Advisory L.P. acquired a new position in PTC in the second quarter worth about $120,000. Point72 Asset Management L.P. acquired a new position in PTC in the third quarter worth about $109,000. Cerebellum GP LLC acquired a new position in PTC in the third quarter worth about $128,000. Finally, MAI Capital Management raised its position in PTC by 16.5% in the second quarter. MAI Capital Management now owns 2,554 shares of the technology company’s stock worth $229,000 after purchasing an additional 362 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

NASDAQ:PTC traded down $1.27 during trading hours on Thursday, reaching $78.87. The company’s stock had a trading volume of 881,432 shares, compared to its average volume of 628,202. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 303.35 and a beta of 1.14. PTC has a one year low of $62.05 and a one year high of $102.47. The business’s 50-day moving average is $76.00 and its 200-day moving average is $72.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.23 and a quick ratio of 1.23.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.18. The firm had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $333.86 million. PTC had a net margin of 2.33% and a return on equity of 12.23%. PTC’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, sell-side analysts predict that PTC will post 1.32 EPS 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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