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

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

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

PTC Trading Up 1.9 %

NASDAQ PTC opened at $158.79 on Monday. PTC has a one year low of $151.80 and a one year high of $203.09. The firm has a 50 day simple moving average of $174.23 and a 200-day simple moving average of $181.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 2.27 and a beta of 1.22.

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

Hedge Funds Weigh In On PTC

A number of institutional investors have recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of PTC in the 4th quarter valued at $7,077,000. Siemens Fonds Invest GmbH increased its stake in PTC by 3,885.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 70,701 shares of the technology company’s stock valued at $12,047,000 after buying an additional 68,927 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PTC in the 4th quarter valued at $10,724,000. Ascent Group LLC increased its stake in PTC by 11.4% in the 4th quarter. Ascent Group LLC now owns 15,295 shares of the technology company’s stock valued at $2,812,000 after buying an additional 1,560 shares during the period. Finally, Mackenzie Financial Corp increased its stake in PTC by 11.4% in the 4th quarter. Mackenzie Financial Corp now owns 10,868 shares of the technology company’s stock valued at $1,998,000 after buying an additional 1,109 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

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.