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

StockNews.com lowered shares of PTC (NASDAQ:PTCFree Report) 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.

Check Out Our Latest Stock Report on PTC

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:PTCGet Free Report) 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

(Get Free Report)

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.

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Analyst Recommendations for PTC (NASDAQ:PTC)

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