PTC (NASDAQ:PTC) Rating Reiterated by Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of PTC (NASDAQ:PTC) in a research report released on Friday, Benzinga reports. The brokerage currently has a $195.00 price objective on the technology company’s stock.

PTC has been the subject of several other research reports. StockNews.com downgraded PTC from a buy rating to a hold rating in a research note on Wednesday, April 10th. Mizuho upped their target price on shares of PTC from $200.00 to $210.00 and gave the company a buy rating in a research note on Thursday, February 1st. Royal Bank of Canada reissued an outperform rating and issued a $202.00 price target on shares of PTC in a report on Thursday, February 1st. KeyCorp boosted their price objective on shares of PTC from $190.00 to $205.00 and gave the stock an overweight rating in a report on Thursday, February 1st. Finally, Barclays increased their target price on shares of PTC from $198.00 to $215.00 and gave the company an overweight rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $196.73.

PTC Stock Down 1.2 %

PTC opened at $177.85 on Friday. PTC has a twelve month low of $120.62 and a twelve month high of $194.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day moving average price of $183.76 and a 200 day moving average price of $168.02. The firm has a market cap of $21.26 billion, a P/E ratio of 90.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. Research analysts forecast that PTC will post 3.47 EPS for the current year.

Insider Buying and Selling

In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 in the last 90 days. 1.17% of the stock is owned by company insiders.

Institutional Trading of PTC

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Metis Global Partners LLC lifted its stake in shares of PTC by 24.4% in the 3rd quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company’s stock valued at $819,000 after purchasing an additional 1,133 shares during the period. Silverberg Bernstein Capital Management LLC acquired a new position in PTC in the fourth quarter valued at about $9,647,000. Ballentine Partners LLC grew its position in shares of PTC by 786.0% during the 4th quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company’s stock worth $2,683,000 after buying an additional 13,605 shares during the period. Wellington Management Group LLP increased its stake in shares of PTC by 153.9% in the 3rd quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company’s stock valued at $15,775,000 after acquiring an additional 67,493 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of PTC by 3.7% in the 4th quarter. Nordea Investment Management AB now owns 8,918 shares of the technology company’s stock valued at $1,562,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.