KeyCorp Issues Positive Forecast for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price objective boosted by KeyCorp from $205.00 to $211.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target points to a potential upside of 24.84% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup reduced their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Trading Down 1.5 %

Shares of PTC stock opened at $169.02 on Thursday. PTC has a 12-month low of $163.30 and a 12-month high of $203.09. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 54.35, a PEG ratio of 2.62 and a beta of 1.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $189.94 and its 200-day moving average price is $183.65.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.63% and a net margin of 16.37%. On average, equities analysts expect that PTC will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last quarter. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On PTC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its position in PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after buying an additional 55 shares during the period. Wedmont Private Capital lifted its position in PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after buying an additional 64 shares during the period. IFM Investors Pty Ltd lifted its position in PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the period. Allworth Financial LP lifted its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the period. Finally, Metis Global Partners LLC lifted its position in PTC by 1.1% during the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Company Profile

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.