StockNews.com Lowers PTC (NASDAQ:PTC) to Hold

PTC (NASDAQ:PTC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other research analysts have also issued research reports about the stock. KeyCorp upped their price target on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price target on shares of PTC in a research note on Thursday, February 1st. BMO Capital Markets raised their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Piper Sandler upped their target price on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Finally, Oppenheimer raised their price target on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.64.

PTC Stock Up 0.1 %

Shares of PTC stock traded up $0.16 during trading hours on Tuesday, reaching $178.38. 636,458 shares of the company’s stock were exchanged, compared to its average volume of 860,353. PTC has a 1 year low of $127.89 and a 1 year high of $194.24. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock has a market cap of $21.33 billion, a PE ratio of 74.64, a PEG ratio of 3.48 and a beta of 1.19. The stock’s fifty day moving average price is $183.15 and its two-hundred day moving average price is $172.08.

Insider Buying and Selling at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PTC

A number of institutional investors have recently added to or reduced their stakes in PTC. Forsta AP Fonden raised its position in shares of PTC by 18.8% during the 1st quarter. Forsta AP Fonden now owns 26,500 shares of the technology company’s stock worth $5,007,000 after purchasing an additional 4,200 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in PTC by 234.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 34,847 shares of the technology company’s stock worth $6,584,000 after buying an additional 24,415 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of PTC during the first quarter valued at approximately $268,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of PTC by 2.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,768 shares of the technology company’s stock valued at $712,000 after acquiring an additional 81 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of PTC by 0.7% in the first quarter. Texas Permanent School Fund Corp now owns 24,720 shares of the technology company’s stock worth $4,671,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.