PTC (NASDAQ:PTC) Rating Lowered to “Hold” at StockNews.com

PTC (NASDAQ:PTC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

PTC has been the topic of several other research reports. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp lifted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Finally, Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $210.09.

PTC Price Performance

NASDAQ PTC opened at $160.02 on Monday. The stock’s 50-day moving average price is $173.77 and its two-hundred day moving average price is $181.60. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $19.25 billion, a PE ratio of 49.39, a PEG ratio of 2.27 and a beta of 1.22. PTC has a 1 year low of $151.80 and a 1 year high of $203.09.

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

Hedge Funds Weigh In On PTC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP grew its holdings in PTC by 58.0% during 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 last quarter. Pinney & Scofield Inc. acquired a new position in PTC during the fourth quarter valued at approximately $47,000. Kapitalo Investimentos Ltda acquired a new position in PTC during the fourth quarter valued at approximately $51,000. Finally, Assetmark Inc. grew its holdings in PTC by 825.0% during 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 last quarter. Institutional investors and hedge funds 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.