PTC (NASDAQ:PTC) Downgraded by BidaskClub

BidaskClub lowered shares of PTC (NASDAQ:PTC) from a strong-buy rating to a buy rating in a research note published on Tuesday morning, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of China Southern Airlines from a hold rating to a sell rating in a research report on Monday, April 29th. Wedbush reiterated an outperform rating on shares of Alphabet in a research note on Thursday, April 25th. Zacks Investment Research lowered shares of German American Bancorp. from a buy rating to a hold rating in a research note on Tuesday, April 30th. Mizuho set a $75.00 price target on shares of Starbucks and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. reiterated a hold rating and set a $7.00 price target on shares of Deutsche Bank in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. PTC currently has an average rating of Buy and an average price target of $102.07.

Shares of PTC stock traded up $0.52 during trading on Tuesday, hitting $89.00. 7,106 shares of the stock were exchanged, compared to its average volume of 859,440. The company has a market cap of $10.18 billion, a PE ratio of 98.98, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The business’s 50-day simple moving average is $88.42. PTC has a 12-month low of $76.67 and a 12-month high of $107.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. PTC had a net margin of 3.06% and a return on equity of 11.68%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. On average, equities analysts forecast that PTC will post 1.05 earnings per share for the current year.

In other PTC news, insider James E. Heppelmann sold 15,000 shares of PTC stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total value of $1,335,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 16,050 shares of company stock worth $1,430,916 over the last quarter. 9.91% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PTC. Arlington Partners LLC acquired a new position in PTC in the second quarter valued at $64,000. First Manhattan Co. acquired a new position in shares of PTC during the first quarter worth about $92,000. Manchester Capital Management LLC acquired a new position in shares of PTC during the first quarter worth about $115,000. Pearl River Capital LLC increased its stake in shares of PTC by 201.7% during the first quarter. Pearl River Capital LLC now owns 2,112 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,412 shares during the period. Finally, Checchi Capital Advisers LLC acquired a new position in shares of PTC during the first quarter worth about $225,000. Institutional investors own 92.49% of the company’s stock.

About PTC

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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Analyst Recommendations for PTC (NASDAQ:PTC)

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