PTC (NASDAQ:PTC) Hits New 1-Year Low – Time to Sell?

PTC Inc. (NASDAQ:PTC) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $160.25 and last traded at $159.94, with a volume of 670062 shares changing hands. The stock had previously closed at $163.63.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler upped their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Down 1.9 %

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $179.98 and a two-hundred day simple moving average of $183.04. The firm has a market capitalization of $19.32 billion, a P/E ratio of 49.56, a P/E/G ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS 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%. On average, equities analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after purchasing an additional 5,717 shares during the last quarter. Mirabella Financial Services LLP lifted its position in PTC by 542.2% in the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after buying an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in PTC in the third quarter worth $84,549,000. Citigroup Inc. boosted its stake in PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after buying an additional 32,984 shares during the period. Finally, JPMorgan Chase & Co. increased its position in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares during the last quarter. 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.