BidaskClub upgraded shares of PTC (NASDAQ:PTC) from a sell rating to a hold rating in a report released on Friday, BidAskClub reports.

PTC has been the subject of several other research reports. Wedbush cut their price objective 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 cut PTC from a buy rating to a neutral rating in a research report on Thursday, July 25th. Evercore ISI set a $104.00 price objective on PTC and gave the stock a buy rating in a research report on Wednesday, August 21st. Rosenblatt Securities assumed coverage on PTC in a research report on Wednesday, August 21st. They issued a buy rating and a $83.00 price objective for the company. Finally, Bank of America reiterated an underperform rating and issued a $65.00 price objective (down previously from $80.00) on shares of PTC in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. PTC currently has a consensus rating of Hold and a consensus price target of $92.13.

NASDAQ:PTC opened at $67.25 on Friday. The stock has a fifty day moving average price of $66.31 and a two-hundred day moving average price of $84.06. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 74.72, a PEG ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25. PTC has a 1 year low of $62.05 and a 1 year high of $107.44.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The firm had revenue of $322.40 million during the quarter, compared to analysts’ expectations of $322.42 million. PTC had a return on equity of 10.44% and a net margin of 2.63%. PTC’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, analysts predict that PTC will post 1.09 EPS for the current year.

In other PTC news, Director Corinna Lathan sold 843 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $64.48, for a total value of $54,356.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total value of $337,850.00. Following the completion of the sale, the director now directly owns 49,797 shares in the company, valued at approximately $3,364,783.29. The disclosure for this sale can be found here. Insiders sold 19,593 shares of company stock worth $1,569,634 in the last three months. 9.91% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of PTC. HM Payson & Co. acquired a new stake in PTC in the second quarter valued at $45,000. Arlington Partners LLC acquired a new stake in shares of PTC during the second quarter valued at $64,000. Machina Capital S.A.S. boosted its stake in shares of PTC by 17,775.0% during the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock valued at $64,000 after acquiring an additional 711 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of PTC during the first quarter valued at $115,000. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of PTC during the second quarter valued at $120,000. 90.66% of the stock is currently owned by institutional investors.

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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