PTC (NASDAQ:PTC) Downgraded to “Buy” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of PTC (NASDAQ:PTC – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also weighed in on PTC. Piper Sandler lowered their target price on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. BMO Capital Markets decreased their price objective on PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of PTC in a research report on Monday, December 1st. Zacks Research cut shares of PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Robert W. Baird set a $255.00 price target on shares of PTC in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.92.

Read Our Latest Analysis on PTC

PTC Price Performance

NASDAQ:PTC opened at $173.52 on Friday. The firm’s fifty day moving average price is $189.69 and its two-hundred day moving average price is $191.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.43. The company has a market cap of $20.73 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.11 and a beta of 1.03. PTC has a one year low of $133.38 and a one year high of $219.69.

PTC (NASDAQ:PTC – Get Free Report) last announced its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The business had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. Equities analysts expect that PTC will post 4.46 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in PTC during the third quarter worth about $30,000. SJS Investment Consulting Inc. lifted its holdings in shares of PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after acquiring an additional 158 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of PTC during the 1st quarter worth approximately $39,000. Versant Capital Management Inc boosted its position in shares of PTC by 37.6% during the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after acquiring an additional 53 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in PTC in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Company Profile

(Get Free Report)

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.

Further Reading