Analysts at Mizuho started coverage on shares of PTC (NASDAQ:PTC) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus initiated coverage on PTC in a research note on Tuesday, December 18th. They issued a “buy” rating and a $105.00 target price on the stock. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Deutsche Bank initiated coverage on PTC in a research note on Wednesday, January 16th. They issued a “buy” rating and a $115.00 target price on the stock. Guggenheim set a $100.00 target price on PTC and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Finally, Mitsubishi UFJ Financial Group cut their target price on PTC from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.44.

PTC stock traded up $1.89 during trading on Thursday, reaching $97.07. 832,452 shares of the stock were exchanged, compared to its average volume of 1,149,336. PTC has a twelve month low of $76.67 and a twelve month high of $107.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $11.37 billion, a P/E ratio of 107.86, a price-to-earnings-growth ratio of 2.46 and a beta of 1.25.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $334.96 million during the quarter, compared to analyst estimates of $324.70 million. PTC had a return on equity of 12.70% and a net margin of 4.65%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Equities analysts predict that PTC will post 1.09 earnings per share for the current year.

In other PTC news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen Mitford sold 815 shares of PTC stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $91.47, for a total transaction of $74,548.05. Following the completion of the sale, the executive vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $1,305,368.37. The disclosure for this sale can be found here. Insiders have sold 154,127 shares of company stock valued at $13,548,383 in the last three months. 9.91% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pendal Group Ltd grew its holdings in PTC by 3.4% during the 4th quarter. Pendal Group Ltd now owns 5,349 shares of the technology company’s stock valued at $443,000 after purchasing an additional 177 shares during the last quarter. M&T Bank Corp lifted its position in PTC by 3.6% during the fourth quarter. M&T Bank Corp now owns 5,110 shares of the technology company’s stock valued at $423,000 after acquiring an additional 179 shares during the last quarter. Campbell Newman Asset Management Inc. raised its holdings in shares of PTC by 2.5% in the first quarter. Campbell Newman Asset Management Inc. now owns 7,327 shares of the technology company’s stock worth $675,000 after buying an additional 180 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of PTC by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,837 shares of the technology company’s stock worth $236,000 after buying an additional 195 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in shares of PTC by 0.3% in the fourth quarter. MetLife Investment Advisors LLC now owns 65,142 shares of the technology company’s stock worth $5,400,000 after buying an additional 201 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

About PTC

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.

Further Reading: Insider Trading

The Fly

Analyst Recommendations for PTC (NASDAQ:PTC)

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