PTC Inc. (NASDAQ:PTC) Receives $210.09 Average Price Target from Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $210.09.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Sunday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th.

Institutional Trading of PTC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter worth approximately $30,000. Covestor Ltd increased its holdings in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after buying an additional 80 shares during the last quarter. Allworth Financial LP increased its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of PTC during the 4th quarter worth approximately $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $162.65 on Wednesday. The stock has a market capitalization of $19.57 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC has a 52 week low of $155.53 and a 52 week high of $203.09. The stock’s 50-day moving average price is $177.45 and its 200-day moving average price is $182.52. 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 (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, equities analysts expect that PTC will post 4.46 EPS for the current fiscal year.

About PTC

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.