PTC Inc. (NASDAQ:PTC) Receives $207.54 Consensus Price Target from Brokerages

PTC Inc. (NASDAQ:PTC) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $207.54.

PTC has been the topic of a number of research reports. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their price target on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and decreased their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st.

PTC Price Performance

NASDAQ:PTC opened at $187.58 on Friday. The company has a market cap of $22.53 billion, a P/E ratio of 60.32, a P/E/G ratio of 2.70 and a beta of 1.16. The firm’s fifty day moving average price is $192.29 and its two-hundred day moving average price is $181.87. PTC has a one year low of $163.30 and a one year high of $203.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of PTC in the second quarter worth $29,000. International Assets Investment Management LLC acquired a new stake in PTC in the second quarter valued at $30,000. Finally, Covestor Ltd raised its position in PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.