PTC Inc. (NASDAQ:PTC) Short Interest Up 35.2% in February

PTC Inc. (NASDAQ:PTC) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 2,380,000 shares, a growth of 35.2% from the January 31st total of 1,760,000 shares. Based on an average daily volume of 944,500 shares, the days-to-cover ratio is currently 2.5 days.

PTC Stock Down 1.9 %

PTC stock opened at $160.56 on Tuesday. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.27 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $179.48 and a two-hundred day moving average of $182.95. PTC has a twelve month low of $159.56 and a twelve month high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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%. As a group, research analysts expect that PTC will post 4.46 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PTC. Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Finally, Piper Sandler lifted their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of PTC by 786.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock worth $261,000 after buying an additional 1,282 shares in the last quarter. US Bancorp DE raised its position in PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock worth $2,559,000 after acquiring an additional 5,717 shares in the last quarter. Stephens Inc. AR purchased a new position in PTC in the third quarter worth $278,000. Van ECK Associates Corp lifted its holdings in PTC by 28.5% in the third quarter. Van ECK Associates Corp now owns 2,152 shares of the technology company’s stock valued at $395,000 after acquiring an additional 477 shares during the period. Finally, BSW Wealth Partners boosted its position in shares of PTC by 36.2% during the 3rd quarter. BSW Wealth Partners now owns 1,825 shares of the technology company’s stock worth $330,000 after purchasing an additional 485 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Company Profile

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.