BidaskClub upgraded shares of PTC (NASDAQ:PTC) from a buy rating to a strong-buy rating in a research note released on Tuesday morning, BidAskClub reports.

PTC has been the topic of several other research reports. Zacks Investment Research cut shares of PTC from a strong-buy rating to a hold rating in a report on Tuesday, April 30th. TheStreet raised shares of PTC from a c+ rating to a b- rating in a report on Monday, February 25th. Bank of America cut shares of PTC from a neutral rating to an underperform rating and set a $86.00 price target on the stock. in a report on Thursday, April 25th. Wedbush cut shares of PTC from an outperform rating to a neutral rating and decreased their price target for the stock from $104.00 to $100.00 in a report on Thursday, April 25th. Finally, Evercore ISI reaffirmed a buy rating and issued a $110.00 price target on shares of PTC in a report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $103.88.

PTC stock opened at $83.90 on Tuesday. The firm has a market capitalization of $9.93 billion, a PE ratio of 81.43, a PEG ratio of 2.54 and a beta of 1.21. PTC has a fifty-two week low of $76.67 and a fifty-two week high of $107.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $315.50 million for the quarter, compared to analysts’ expectations of $312.29 million. PTC had a net margin of 3.06% and a return on equity of 11.68%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that PTC will post 1.05 earnings per share for the current year.

In related news, EVP Kathleen Mitford sold 815 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $91.47, for a total value of $74,548.05. Following the transaction, the executive vice president now owns 14,271 shares of the company’s stock, valued at $1,305,368.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 2,260 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $91.47, for a total value of $206,722.20. Following the completion of the transaction, the director now directly owns 5,497 shares in the company, valued at approximately $502,810.59. The disclosure for this sale can be found here. In the last three months, insiders sold 19,025 shares of company stock worth $1,705,488. 9.91% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new stake in PTC during the 4th quarter worth about $287,000. KBC Group NV boosted its position in PTC by 234.0% during the 4th quarter. KBC Group NV now owns 12,630 shares of the technology company’s stock worth $1,047,000 after acquiring an additional 8,848 shares during the period. Advisors Asset Management Inc. boosted its position in PTC by 13.8% during the 4th quarter. Advisors Asset Management Inc. now owns 11,776 shares of the technology company’s stock worth $976,000 after acquiring an additional 1,426 shares during the period. M&T Bank Corp boosted its position in PTC by 3.6% during the 4th quarter. M&T Bank Corp now owns 5,110 shares of the technology company’s stock worth $423,000 after acquiring an additional 179 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in PTC during the 4th quarter worth about $361,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

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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