PTC (NASDAQ:PTC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a research report released on Monday morning.

PTC has been the topic of a number of other research reports. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. KeyCorp lifted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 0.8 %

Shares of PTC stock opened at $161.24 on Monday. The business has a 50-day moving average of $173.31 and a 200 day moving average of $181.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC has a 1-year low of $151.80 and a 1-year high of $203.09. The stock has a market capitalization of $19.40 billion, a PE ratio of 49.77, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts anticipate that PTC will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP grew its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Pinney & Scofield Inc. bought a new stake in PTC in the 4th quarter worth approximately $47,000. Kapitalo Investimentos Ltda purchased a new stake in PTC during the 4th quarter valued at $51,000. Finally, Assetmark Inc. lifted its holdings in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after buying an additional 297 shares during the period. Institutional investors 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.