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

StockNews.com downgraded shares of PTC (NASDAQ:PTC) from a buy rating to a hold rating in a research note published on Thursday morning.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price objective 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. KeyCorp increased their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird lifted their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 0.8 %

PTC stock opened at $167.93 on Thursday. The firm has a fifty day moving average price of $187.36 and a 200 day moving average price of $183.50. PTC has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The firm has a market cap of $20.21 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Sell-side analysts anticipate that PTC will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 860 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 over the last quarter. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PTC. Canada Pension Plan Investment Board boosted its position in PTC by 303.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 29,199 shares of the technology company’s stock valued at $5,369,000 after purchasing an additional 21,955 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of PTC in the 4th quarter worth approximately $10,023,000. NewEdge Advisors LLC grew its position in shares of PTC by 4.3% in the 4th quarter. NewEdge Advisors LLC now owns 9,070 shares of the technology company’s stock worth $1,668,000 after buying an additional 374 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of PTC during the 4th quarter worth approximately $295,000. Finally, Mariner LLC lifted its position in PTC by 3.7% during the fourth quarter. Mariner LLC now owns 12,748 shares of the technology company’s stock valued at $2,344,000 after acquiring an additional 450 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.