PTC Inc. (NASDAQ:PTC) Given Average Recommendation of "Moderate Buy" by Analysts
PTC Inc. (NASDAQ:PTC) has received a consensus "Moderate Buy" recommendation from 17 research firms. Analysts have set an average 12-month target price of $205.92. Recent ratings include Weiss Ratings' "buy (b-)" and Wall Street Zen's upgrade to "strong-buy." Robert W. Baird set a $255 target, while Zacks Research downgraded to "hold." Institutional investors own 95.14% of PTC's stock, which opened at $178.50 on Friday.
Shares of PTC Inc. (NASDAQ:PTC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $205.9231.
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Several research firms have weighed in on PTC. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of PTC in a research report on Monday. Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 20th. Robert W. Baird set a $255.00 price target on PTC in a research note on Wednesday, October 22nd. Zacks Research lowered PTC from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Rosenblatt Securities dropped their target price on shares of PTC from $227.00 to $220.00 and set a "buy" rating on the stock in a report on Thursday, November 6th.
Get Our Latest Stock Report on PTC
Hedge Funds Weigh In On PTC
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of PTC in the 3rd quarter worth approximately $30,000. SJS Investment Consulting Inc. grew its stake in shares of PTC by 2,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company's stock worth $34,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of PTC during the first quarter valued at $39,000. Versant Capital Management Inc raised its position in shares of PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company's stock worth $39,000 after purchasing an additional 53 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in PTC in the 1st quarter worth about $41,000. Institutional investors own 95.14% of the company's stock.
PTC Stock Up 0.6%
Shares of PTC stock opened at $178.50 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The company's fifty day simple moving average is $190.27 and its two-hundred day simple moving average is $191.59. The company has a market cap of $21.32 billion, a P/E ratio of 29.07, a PEG ratio of 2.16 and a beta of 1.03. PTC has a 12-month low of $133.38 and a 12-month high of $219.69.
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PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. The firm had revenue of $1.76 billion during the quarter. Research analysts anticipate that PTC will post 4.46 EPS for the current year.
PTC Company Profile
(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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