PTC Inc. (NASDAQ:PTC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PTC Inc. (NASDAQ:PTC) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $200.64.

PTC has been the topic of several research reports. Citigroup lowered their target price on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, February 1st. Oppenheimer boosted their price target on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Robert W. Baird increased their price objective on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd.

Insider Buying and Selling at PTC

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On PTC

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of PTC by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares during the period. Invesco Ltd. increased its stake in shares of PTC by 5.8% during the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock valued at $353,459,000 after acquiring an additional 137,100 shares during the period. FMR LLC raised its holdings in PTC by 6.0% during the third quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock worth $281,823,000 after purchasing an additional 113,037 shares in the last quarter. Wellington Management Group LLP raised its holdings in PTC by 1,409.3% during the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in PTC by 15.6% during the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after purchasing an additional 168,917 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Down 0.0 %

NASDAQ PTC opened at $178.33 on Thursday. PTC has a 52-week low of $128.61 and a 52-week high of $194.24. The firm has a 50-day moving average price of $183.03 and a 200 day moving average price of $172.13. The stock has a market capitalization of $21.35 billion, a P/E ratio of 74.62, a P/E/G ratio of 3.48 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.68.

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.