PTC (NASDAQ:PTC) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a report released on Monday.

A number of other brokerages have also recently commented on PTC. KeyCorp increased their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

PTC stock opened at $158.79 on Monday. The company has a fifty day simple moving average of $174.23 and a 200-day simple moving average of $181.73. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC has a 52-week low of $151.80 and a 52-week high of $203.09.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts anticipate that PTC will post 4.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in PTC during the fourth quarter worth about $30,000. Allworth Financial LP boosted its stake in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Pinney & Scofield Inc. purchased a new position in shares of PTC in the fourth quarter valued at approximately $47,000. Kapitalo Investimentos Ltda purchased a new position in shares of PTC in the fourth quarter valued at approximately $51,000. Finally, Assetmark Inc. boosted its stake in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after purchasing an additional 297 shares during the period. Hedge funds and other 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.