PTC (NASDAQ:PTC) Downgraded by StockNews.com to Hold

PTC (NASDAQ:PTC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

PTC has been the topic of several other reports. Robert W. Baird lifted their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Finally, Mizuho dropped their price target on PTC from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.64.

PTC Trading Up 0.1 %

Shares of PTC stock traded up $0.16 during trading hours on Tuesday, reaching $178.38. The company’s stock had a trading volume of 636,458 shares, compared to its average volume of 860,353. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. PTC has a one year low of $127.89 and a one year high of $194.24. The stock has a market capitalization of $21.33 billion, a P/E ratio of 74.64, a P/E/G ratio of 3.48 and a beta of 1.19. The firm’s fifty day simple moving average is $183.15 and its 200 day simple moving average is $172.08.

Insider Activity

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On PTC

A number of large investors have recently added to or reduced their stakes in PTC. Lindbrook Capital LLC grew its position in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the period. Riverview Trust Co bought a new stake in shares of PTC during the 1st quarter valued at $34,000. Resources Management Corp CT ADV increased its stake in shares of PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after purchasing an additional 300 shares in the last quarter. Principal Securities Inc. bought a new position in PTC in the 4th quarter worth $46,000. Finally, Van ECK Associates Corp raised its holdings in PTC by 26.0% in the 4th quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after purchasing an additional 108 shares during the period. Institutional investors own 95.14% of the company’s stock.

About PTC

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.