PTC (NASDAQ:PTC) Given New $200.00 Price Target at Mizuho

PTC (NASDAQ:PTC) had its target price decreased by Mizuho from $210.00 to $200.00 in a research report report published on Thursday morning, Benzinga reports. Mizuho currently has a buy rating on the technology company’s stock.

PTC has been the topic of several other reports. Piper Sandler lifted their target price on shares of PTC from $155.00 to $177.00 and gave the company a neutral rating in a research report on Tuesday, January 9th. Robert W. Baird reiterated an outperform rating and issued a $210.00 price objective on shares of PTC in a report on Tuesday, April 2nd. BMO Capital Markets raised their target price on PTC from $195.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, February 1st. StockNews.com lowered PTC from a buy rating to a hold rating in a research note on Saturday, April 27th. Finally, Rosenblatt Securities reissued a buy rating and issued a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $200.64.

PTC Price Performance

PTC stock traded up $5.17 during mid-day trading on Thursday, reaching $175.77. 1,491,232 shares of the company’s stock were exchanged, compared to its average volume of 866,022. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 73.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.19. PTC has a 12-month low of $124.42 and a 12-month high of $194.24. The stock’s 50 day moving average is $183.30 and its 200 day moving average is $171.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 1.19.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, research analysts expect that PTC will post 3.3 EPS for the current year.

Insider Buying and Selling

In other news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were 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 owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, 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. 1.17% of the stock is currently owned by corporate insiders.

Institutional Trading of PTC

Several hedge funds have recently modified their holdings of PTC. Lindbrook Capital LLC grew its holdings in PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of PTC during the 1st quarter worth $34,000. Legacy Financial Group LLC acquired a new position in shares of PTC during the third quarter worth $28,000. Principal Securities Inc. purchased a new position in PTC in the fourth quarter valued at $46,000. Finally, Resources Management Corp CT ADV raised its stake in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

About PTC

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.