Recent Analysts’ Ratings Updates for PTC (PTC)

PTC (NASDAQ: PTC) has recently received a number of price target changes and ratings updates:

• 11/8/2024 – PTC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/7/2024 – PTC had its price target raised by analysts at Royal Bank of Canada from $202.00 to $230.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – PTC had its price target raised by analysts at Robert W. Baird from $226.00 to $228.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – PTC had its price target raised by analysts at Piper Sandler from $182.00 to $202.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – PTC was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating. They now have a $196.00 price target on the stock, down previously from $210.00.
• 10/22/2024 – PTC had its price target raised by analysts at Robert W. Baird from $216.00 to $226.00. They now have an “outperform” rating on the stock.
• 10/10/2024 – PTC had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $195.00 price target on the stock.

PTC Trading Up 0.3 %

NASDAQ:PTC opened at $193.46 on Thursday. The stock has a fifty day moving average price of $180.72 and a 200 day moving average price of $178.46. The company has a current ratio of 1.45, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. PTC Inc. has a 12-month low of $151.73 and a 12-month high of $199.48. The firm has a market cap of $23.24 billion, a PE ratio of 62.21, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17.

Institutional Investors Weigh In On PTC

A number of large investors have recently modified their holdings of PTC. Vanguard Group Inc. boosted its holdings in PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares in the last quarter. Fernbridge Capital Management LP boosted its holdings in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of PTC by 4.4% in the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after buying an additional 48,553 shares in the last quarter. Liontrust Investment Partners LLP grew its position in shares of PTC by 1.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock valued at $182,383,000 after buying an additional 10,338 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after acquiring an additional 150,652 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.