PTC Inc (NASDAQ:PTC) has received an average rating of “Buy” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $106.50.

A number of equities research analysts have recently commented on PTC shares. Zacks Investment Research raised PTC from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a research report on Friday, April 12th. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Mizuho began coverage on PTC in a research note on Thursday, April 11th. They set a “buy” rating and a $120.00 price target on the stock. KeyCorp began coverage on PTC in a research note on Wednesday, April 10th. They set an “overweight” rating and a $111.00 price target on the stock. Finally, Evercore ISI reaffirmed a “buy” rating and set a $110.00 price target on shares of PTC in a research note on Monday, March 11th.

In other PTC news, EVP Matthew Lessner Cohen sold 15,000 shares of PTC stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $86.56, for a total transaction of $1,298,400.00. Following the sale, the executive vice president now directly owns 47,934 shares of the company’s stock, valued at approximately $4,149,167.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Miller sold 44,462 shares of PTC stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $93.31, for a total value of $4,148,749.22. The disclosure for this sale can be found here. Insiders have sold 154,127 shares of company stock worth $13,548,383 over the last ninety days. Insiders own 9.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in shares of PTC during the 4th quarter valued at $31,000. Oregon Public Employees Retirement Fund raised its position in PTC by 8,190.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after purchasing an additional 3,455,607 shares during the period. Pearl River Capital LLC purchased a new stake in PTC in the 4th quarter worth about $58,000. Mondrian Capital Management LLC purchased a new stake in PTC in the 4th quarter worth about $83,000. Finally, First Manhattan Co. purchased a new stake in PTC in the 1st quarter worth about $92,000. Institutional investors own 91.82% of the company’s stock.

PTC stock traded up $1.37 during midday trading on Tuesday, hitting $97.60. The company’s stock had a trading volume of 1,043,357 shares, compared to its average volume of 988,620. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. PTC has a 12 month low of $76.67 and a 12 month high of $107.44. The stock has a market cap of $11.58 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. PTC had a net margin of 4.65% and a return on equity of 12.70%. The firm had revenue of $334.96 million for the quarter, compared to analysts’ expectations of $324.70 million. During the same period in the previous year, the business earned $0.31 earnings per share. PTC’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts predict that PTC will post 1.07 EPS for the current fiscal year.

PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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