Stocks of PTC Inc. (NASDAQ:PTC) traded higher last session on Wall Street, down -1.07% to $129.69.
According to the data, PTC Inc. (NASDAQ:PTC) has 18 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $160.00 and a low of $128.00, we find $147.50. Given the previous closing price of $131.09, this indicates a potential upside of 12.52 percent. PTC stock price is now 4.49% away from the 50-day moving average and 13.48% away from the 200-day moving average. The market capitalization of the company currently stands at $14.60B.
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A total of 5 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $147.14 as their price target over the next twelve months.
With the price target of $155, Berenberg recently initiated with Buy rating for PTC Inc. (NASDAQ: PTC)., while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Moret Blake D., Director sold 7,281 shares of the company’s stock on Dec 12. The stock was sold for $900,530 at an average price of $123.68. Upon completion of the transaction, the Director now directly owns 7,705,717 shares in the company, valued at $999.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, Director Moret Blake D. sold 304,000 shares of the business’s stock. A total of $36,846,512 was realized by selling the stock at an average price of $121.21. This leaves the insider owning 7,712,998 shares of the company worth $1.0 billion. Insiders disposed of 1,208,206 shares of company stock worth roughly $156.69 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PTC stock. A new stake in PTC Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $478,082,000. LONE PINE CAPITAL LLC invested $326,817,000 in shares of PTC during the first quarter. In the first quarter, PALESTRA CAPITAL MANAGEMENT LLC acquired a new stake in PTC Inc. valued at approximately $140,399,000. POLAR ASSET MANAGEMENT PARTNERS INC. acquired a new stake in PTC for approximately $23,227,000. 2XIDEAS AG purchased a new stake in PTC valued at around $22,829,000 in the second quarter. In total, there are 764 active investors with 91.10% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $129.80 for PTC Inc. (NASDAQ: PTC). During the past 12 months, PTC Inc. has had a low of $96.55 and a high of $133.14. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for PTC is $124.35 and a two-hundred day moving average price translates $114.37 for the stock.
The latest earnings results from PTC Inc. (NASDAQ: PTC) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.97, missing analysts’ expectations of $1.06 by -0.09. This compares to $2.47 EPS in the same period last year. The net profit margin was 16.20% and return on equity was 14.70% for PTC. The company reported revenue of $507.93 million for the quarter, compared to $480.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.67 percent. For the current quarter, analysts expect PTC to generate $497.68M in revenue.
PTC Inc.(PTC) Company Profile
PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR. The company also provides Onshape, a software-as-a-service product development platform unites computer-aided design with data management, collaboration tools, and real-time analytics; Arena, a PLM solution enables product teams to collaborate virtually anytime and anywhere; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Windchill, a product lifecycle management software. In addition, it offers Integrity, an application lifecycle management solution; Servigistics, service parts management solution; and consulting, implementation, training, cloud, and license and support services. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.
