PTC (NASDAQ:PTC) Upgraded at StockNews.com

StockNews.com upgraded shares of PTC (NASDAQ:PTC) from a hold rating to a buy rating in a report issued on Sunday morning.

A number of other brokerages have also recently weighed in on PTC. Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. KeyCorp lifted their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

Shares of PTC opened at $157.28 on Friday. The business’s fifty day moving average price is $176.46 and its 200 day moving average price is $182.28. PTC has a 12-month low of $155.53 and a 12-month high of $203.09. The stock has a market capitalization of $18.92 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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 return on equity of 14.49% and a net margin of 16.95%. Equities research analysts forecast that PTC will post 4.46 EPS for the current year.

Institutional Investors Weigh In On PTC

Institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter valued at about $30,000. Covestor Ltd lifted its holdings in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Pinney & Scofield Inc. acquired a new stake in shares of PTC during the 4th quarter valued at about $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the 4th quarter valued at about $51,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.