PTC (NASDAQ:PTC) had its target price lifted by Stifel Nicolaus from $76.00 to $85.00 in a research report sent to investors on Thursday, The Fly reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

Several other research firms have also issued reports on PTC. Wedbush increased their price objective on PTC from $70.00 to $78.00 in a research note on Thursday, June 11th. Bank of America began coverage on PTC in a research note on Wednesday, May 27th. They set a buy rating for the company. BidaskClub upgraded PTC from a hold rating to a buy rating in a research note on Friday, May 29th. Citigroup raised their target price on PTC from $68.00 to $75.00 and gave the company a neutral rating in a research note on Thursday, April 30th. Finally, Rosenblatt Securities lowered their target price on PTC from $105.00 to $95.00 and set a buy rating for the company in a research note on Friday, April 24th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $89.58.

Shares of PTC stock opened at $82.89 on Thursday. The stock has a market cap of $9.59 billion, a P/E ratio of 51.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. PTC has a one year low of $43.90 and a one year high of $92.47. The stock has a fifty day moving average price of $77.50 and a 200 day moving average price of $72.97. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.13.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.15. PTC had a return on equity of 15.35% and a net margin of 4.67%. The firm had revenue of $359.60 million during the quarter, compared to analyst estimates of $340.32 million. During the same period in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. Equities research analysts anticipate that PTC will post 1.59 EPS for the current year.

In other PTC news, CEO James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $67.01, for a total transaction of $1,005,150.00. Following the transaction, the chief executive officer now owns 645,259 shares in the company, valued at $43,238,805.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 15,500 shares of company stock valued at $1,039,193. Corporate insiders own 9.91% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. RMR Wealth Builders bought a new position in shares of PTC during the 4th quarter valued at about $26,000. Signaturefd LLC lifted its holdings in shares of PTC by 766.0% during the 1st quarter. Signaturefd LLC now owns 459 shares of the technology company’s stock valued at $28,000 after purchasing an additional 406 shares in the last quarter. Citizens Financial Group Inc RI lifted its holdings in shares of PTC by 39.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 616 shares of the technology company’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of PTC by 323.2% during the 4th quarter. Quadrant Capital Group LLC now owns 694 shares of the technology company’s stock valued at $49,000 after purchasing an additional 530 shares in the last quarter. Finally, Aubrey Capital Management Ltd bought a new position in shares of PTC during the 1st quarter valued at about $110,000. Hedge funds and other institutional investors own 86.71% 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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The Fly

Analyst Recommendations for PTC (NASDAQ:PTC)

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