Several other research firms also recently weighed in on PTC. Wedbush dropped their target price on PTC from $90.00 to $71.00 and set a neutral rating for the company in a research report on Tuesday, August 6th. Guggenheim downgraded PTC from a buy rating to a neutral rating in a research report on Thursday, July 25th. Citigroup set a $89.00 target price on PTC and gave the company a hold rating in a research report on Friday, July 26th. Stifel Nicolaus downgraded PTC from a buy rating to a hold rating and dropped their target price for the company from $105.00 to $84.00 in a research report on Thursday, July 25th. Finally, Mizuho dropped their target price on PTC from $120.00 to $100.00 and set a buy rating for the company in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. PTC presently has an average rating of Hold and an average target price of $92.13.
Shares of PTC opened at $67.25 on Friday. The firm has a market cap of $7.65 billion, a P/E ratio of 74.72, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. PTC has a 12-month low of $62.05 and a 12-month high of $107.44. The company’s 50-day moving average price is $66.31 and its 200 day moving average price is $84.06. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.57.
In other news, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now directly owns 49,797 shares of the company’s stock, valued at $3,364,783.29. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Corinna Lathan sold 843 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $64.48, for a total value of $54,356.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,593 shares of company stock valued at $1,569,634. Corporate insiders own 9.91% of the company’s stock.
Several institutional investors have recently made changes to their positions in PTC. Geode Capital Management LLC grew its position in shares of PTC by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 1,116,381 shares of the technology company’s stock worth $92,484,000 after buying an additional 65,279 shares in the last quarter. Bank of Montreal Can boosted its holdings in PTC by 69.2% in the first quarter. Bank of Montreal Can now owns 30,622 shares of the technology company’s stock valued at $2,823,000 after purchasing an additional 12,520 shares in the last quarter. Toronto Dominion Bank boosted its holdings in PTC by 17.1% in the first quarter. Toronto Dominion Bank now owns 22,388 shares of the technology company’s stock valued at $2,064,000 after purchasing an additional 3,270 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in PTC by 10.9% in the first quarter. CIBC Asset Management Inc now owns 5,345 shares of the technology company’s stock valued at $493,000 after purchasing an additional 527 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in PTC in the first quarter valued at approximately $467,000. 90.66% of the stock is owned by institutional investors and hedge funds.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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