Zacks Research lowered shares of PTC (NASDAQ:PTC – Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.
A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. UBS Group reissued a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their target price on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. KeyCorp reissued an “overweight” rating and set a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Finally, Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.14.
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Check Out Our Latest Analysis on PTC
PTC Stock Down 0.3%
PTC stock opened at $202.42 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. PTC has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The firm’s 50-day simple moving average is $208.27 and its 200 day simple moving average is $180.36. The stock has a market cap of $24.25 billion, a PE ratio of 47.74, a price-to-earnings-growth ratio of 2.09 and a beta of 1.14.
PTC (NASDAQ:PTC – Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million for the quarter, compared to analysts’ expectations of $582.12 million. During the same quarter last year, the company earned $0.98 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. As a group, sell-side analysts predict that PTC will post 4.46 EPS for the current year.
Insider Buying and Selling at PTC
In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.
Hedge Funds Weigh In On PTC
Several large investors have recently made changes to their positions in PTC. Bartlett & CO. Wealth Management LLC bought a new position in shares of PTC during the 1st quarter valued at about $26,000. Motco bought a new position in shares of PTC during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PTC during the 1st quarter valued at about $33,000. Zions Bancorporation National Association UT bought a new position in shares of PTC during the 1st quarter valued at about $39,000. Finally, SVB Wealth LLC bought a new position in shares of PTC during the 1st quarter valued at about $41,000. Institutional investors own 95.14% of the company’s stock.
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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