Brokerages Set PTC Inc. (NASDAQ:PTC) Target Price at $210.09

Shares of PTC Inc. (NASDAQ:PTC) have been given an average rating of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $210.09.

A number of research analysts recently commented on PTC shares. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup dropped their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. increased their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PTC. Aster Capital Management DIFC Ltd bought a new position in shares of PTC in the 4th quarter valued at about $30,000. Covestor Ltd boosted its stake in PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 80 shares during the last quarter. Allworth Financial LP boosted its stake in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Pinney & Scofield Inc. bought a new position in PTC during the 4th quarter worth approximately $47,000. Finally, Kapitalo Investimentos Ltda bought a new position in PTC during the 4th quarter worth approximately $51,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

PTC opened at $157.28 on Wednesday. The firm has a market capitalization of $18.92 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The stock’s 50 day moving average price is $176.46 and its two-hundred day moving average price is $182.28. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC has a 12-month low of $155.53 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last released its 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts forecast that PTC will post 4.46 earnings per share for the current year.

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.