PTC (NASDAQ:PTC) Hits New 12-Month Low – Time to Sell?

Shares of PTC Inc. (NASDAQ:PTC) hit a new 52-week low on Thursday . The company traded as low as $155.02 and last traded at $155.52, with a volume of 24955 shares changing hands. The stock had previously closed at $157.00.

Analysts Set New Price Targets

PTC has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp boosted their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup reduced their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a report on Sunday. Finally, JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Down 2.5 %

The stock has a market cap of $18.41 billion, a P/E ratio of 47.28, a PEG ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $175.92 and a 200-day simple moving average of $182.11.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Institutional Investors Weigh In On PTC

Hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its stake in shares of PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of PTC by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock worth $2,627,961,000 after purchasing an additional 240,080 shares during the last quarter. State Street Corp grew its holdings in shares of PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PTC by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company’s stock worth $555,626,000 after purchasing an additional 67,504 shares during the last quarter. Finally, Fernbridge Capital Management LP boosted its holdings in PTC by 6.0% in the fourth quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company’s stock valued at $278,484,000 after acquiring an additional 85,564 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

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.