BMO Capital Markets Issues Pessimistic Forecast for PTC (NASDAQ:PTC) Stock Price

PTC (NASDAQ:PTC) had its target price reduced by stock analysts at BMO Capital Markets from $220.00 to $183.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target suggests a potential upside of 27.47% from the stock’s previous close.

A number of other research firms also recently commented on PTC. Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. KeyCorp raised their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays reduced their price target on shares of PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Mizuho lowered their price objective on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average price target of $195.67.

PTC Trading Down 0.3 %

Shares of PTC opened at $143.56 on Wednesday. The firm has a market cap of $17.27 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC has a 1 year low of $133.38 and a 1 year high of $203.09. The company has a 50 day simple moving average of $157.12 and a two-hundred day simple moving average of $177.59.

PTC (NASDAQ:PTC) last posted its 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts expect that PTC will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This trade 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 can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in PTC in the 4th quarter valued at about $30,000. Allworth Financial LP boosted its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. UMB Bank n.a. grew its stake in PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after purchasing an additional 178 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in PTC during the 4th quarter worth $47,000. Finally, Kapitalo Investimentos Ltda bought a new stake in PTC during the 4th quarter valued at $51,000. 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.