PTC (NASDAQ: PTC) has recently received a number of price target changes and ratings updates:

  • 10/27/2017 – PTC had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $74.00 price target on the stock.
  • 10/26/2017 – PTC had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $74.00 price target on the stock, up previously from $64.00.
  • 10/26/2017 – PTC was given a new $75.00 price target on by analysts at Evercore ISI. They now have a “buy” rating on the stock.
  • 10/26/2017 – PTC had its price target raised by analysts at Barclays PLC from $65.00 to $69.00. They now have an “overweight” rating on the stock.
  • 10/25/2017 – PTC was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/19/2017 – PTC was given a new $65.00 price target on by analysts at Evercore ISI. They now have a “buy” rating on the stock.
  • 10/11/2017 – PTC was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/6/2017 – PTC was given a new $65.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/26/2017 – PTC was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/18/2017 – PTC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/4/2017 – PTC had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $65.00 price target on the stock.

PTC Inc. (NASDAQ PTC) traded down 1.69% during mid-day trading on Wednesday, hitting $65.33. The stock had a trading volume of 803,962 shares. The company has a 50-day moving average of $58.67 and a 200-day moving average of $56.28. PTC Inc. has a 12-month low of $43.12 and a 12-month high of $66.95. The stock’s market cap is $7.55 billion.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The business had revenue of $306.38 million for the quarter, compared to analyst estimates of $306.59 million. PTC had a return on equity of 8.08% and a net margin of 0.54%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, analysts anticipate that PTC Inc. will post $1.36 earnings per share for the current fiscal year.

In other PTC news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the sale, the director now directly owns 62,300 shares in the company, valued at $3,349,871. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul A. Lacy sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $65.81, for a total value of $263,240.00. Following the completion of the sale, the director now owns 61,486 shares of the company’s stock, valued at $4,046,393.66. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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