PTC (NASDAQ:PTC) Given “Neutral” Rating at Mizuho

PTC (NASDAQ:PTC)‘s stock had its “neutral” rating restated by stock analysts at Mizuho in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $190.00 target price on the technology company’s stock, down from their previous target price of $200.00. Mizuho’s price objective indicates a potential upside of 10.35% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Barclays lifted their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird increased their target price on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Citigroup lowered their target price on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Three research 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 currently has an average rating of “Moderate Buy” and an average target price of $199.73.

PTC Stock Performance

NASDAQ PTC opened at $172.18 on Tuesday. The stock has a market cap of $20.61 billion, a P/E ratio of 72.04, a PEG ratio of 3.27 and a beta of 1.18. The company’s 50-day simple moving average is $180.41 and its 200 day simple moving average is $176.89. PTC has a twelve month low of $134.61 and a twelve month high of $194.24. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. The business had revenue of $603.07 million for the quarter, compared to analysts’ expectations of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. As a group, research analysts forecast that PTC will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now owns 13,598 shares in the company, valued at $2,358,573.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now owns 13,598 shares in the company, valued at $2,358,573.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC raised its position in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. Riverview Trust Co acquired a new stake in PTC during the 1st quarter worth approximately $34,000. Resources Management Corp CT ADV lifted 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. Principal Securities Inc. acquired a new position in shares of PTC in the fourth quarter valued at approximately $46,000. Finally, Van ECK Associates Corp increased its position in shares of PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after acquiring an additional 108 shares in the last quarter. 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.