In yesterday’s Wall Street session, PTC Inc. (NASDAQ:PTC) shares traded at $146.63, up 0.92% from the previous session.
As of this writing, 21 analysts cover PTC Inc. (NASDAQ:PTC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $180.00 and a low of $130.00, we find $165.00. Given the previous closing price of $145.29, this indicates a potential upside of 13.57 percent. PTC stock price is now 5.14% away from the 50-day moving average and 14.32% away from the 200-day moving average. The market capitalization of the company currently stands at $17.20B.
There are 7 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $163.35 as their price target over the next twelve months.
With the price target of $150, Piper Sandler recently initiated with Neutral rating for PTC Inc. (NASDAQ: PTC).
In other news, LACY PAUL A, Director sold 2,500 shares of the company’s stock on Jul 27. The stock was sold for $376,209 at an average price of $150.48. Upon completion of the transaction, the Director now directly owns 19,136 shares in the company, valued at $2.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, Director LACY PAUL A sold 2,500 shares of the business’s stock. A total of $362,540 was realized by selling the stock at an average price of $145.02. This leaves the insider owning 21,636 shares of the company worth $3.17 million. Insiders disposed of 4,200,736 shares of company stock worth roughly $615.95 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 NEKTON CAPITAL LTD. during the first quarter worth $32,035,000. GOVERNORS LANE LP invested $11,994,000 in shares of PTC during the first quarter. In the first quarter, INSIGHT HOLDINGS GROUP, LLC acquired a new stake in PTC Inc. valued at approximately $9,780,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in PTC for approximately $5,660,000. AGF MANAGEMENT LTD purchased a new stake in PTC valued at around $3,894,000 in the second quarter. In total, there are 832 active investors with 91.10% ownership of the company’s stock.
Friday morning saw PTC Inc. (NASDAQ: PTC) opened at $146.49. During the past 12 months, PTC Inc. has had a low of $101.82 and a high of $152.09. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $19.01B, which is based on a 55.06 price-to-earnings ratio, a 5.29 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for PTC is $139.79 and a two-hundred day moving average price translates $128.46 for the stock.
The latest earnings results from PTC Inc. (NASDAQ: PTC) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.99, missing analysts’ expectations of $1 by -0.01. This compares to $0.76 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 14.60% for PTC. The company reported revenue of $542.18 million for the quarter, compared to $505.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.31 percent. For the current quarter, analysts expect PTC to generate $559.93M in revenue.
PTC Inc.(PTC) Company Profile
PTC Inc. operates as software 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 end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR. In addition, the company provides Onshape, a cloud product development platform that delivers computer-aided design with data management tools; Arena, a PLM and QMS products that delivers cloud solutions; Creo, a 3D CAD technology enables for product design and development, and Windchill, a product lifecycle management software. Further, it offers Servigistics, service parts management solution; Codebeamer, an application lifecycle management for products and software development. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.
