Analysts Set PTC Inc. (NASDAQ:PTC) Target Price at $204.83

PTC Inc. (NASDAQ:PTC) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $204.83.

PTC has been the subject of a number of recent research reports. Robert W. Baird upped their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Royal Bank of Canada increased their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the transaction, the director now owns 6,843 shares in the company, valued at $1,368,600. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of large investors have recently added to or reduced their stakes in PTC. Blue Trust Inc. boosted its holdings in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after acquiring an additional 122 shares during the period. First Horizon Advisors Inc. grew its holdings in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Rothschild Investment LLC bought a new position in PTC during the second quarter worth $29,000. International Assets Investment Management LLC acquired a new position in PTC during the 2nd quarter valued at $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of PTC in the second quarter valued at about $31,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

PTC stock opened at $199.01 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC has a 12 month low of $153.44 and a 12 month high of $201.66. The company has a fifty day moving average price of $185.84 and a two-hundred day moving average price of $179.71. The company has a market cap of $23.91 billion, a PE ratio of 63.99, a P/E/G ratio of 2.72 and a beta of 1.17.

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.