Barclays Has Lowered Expectations for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its price objective decreased by Barclays from $215.00 to $175.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other research firms have also issued reports on PTC. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. KeyCorp upped their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.67.

PTC Price Performance

NASDAQ PTC opened at $143.98 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $17.32 billion, a P/E ratio of 44.44, a PEG ratio of 2.27 and a beta of 1.17. The company has a 50-day moving average price of $157.62 and a 200-day moving average price of $177.85. PTC has a 52 week low of $133.38 and a 52 week high of $203.09.

PTC (NASDAQ:PTC) last released its quarterly earnings results 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 14.49% and a net margin of 16.95%. Equities research analysts anticipate that PTC will post 4.46 earnings per share for the current year.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Large investors have recently made changes to their positions in the business. Bank Pictet & Cie Europe AG grew its position in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares in the last quarter. Wahed Invest LLC boosted its holdings in shares of PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock worth $539,000 after purchasing an additional 61 shares during the period. Wedmont Private Capital increased its position in shares of PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP raised its holdings in PTC by 58.0% during the 4th 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, Portside Wealth Group LLC raised its holdings in PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock valued at $514,000 after buying an additional 78 shares during the period. 95.14% of the stock is currently owned by institutional investors.

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.