PTC (NASDAQ:PTC) Hits New 12-Month Low – Time to Sell?

PTC Inc. (NASDAQ:PTC)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $155.02 and last traded at $155.52, with a volume of 24955 shares traded. The stock had previously closed at $157.00.

Wall Street Analyst Weigh In

PTC has been the topic of a number of recent analyst reports. 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. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Performance

The firm has a market cap of $18.41 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 2.27 and a beta of 1.22. The firm’s fifty day moving average price is $175.92 and its 200-day moving average price is $182.11. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. Analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Institutional Investors Weigh In On PTC

Several hedge funds have recently modified their holdings of PTC. Van ECK Associates Corp boosted its position in shares of PTC by 28.5% in the third quarter. Van ECK Associates Corp now owns 2,152 shares of the technology company’s stock worth $395,000 after acquiring an additional 477 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of PTC by 3.8% in the third quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company’s stock worth $26,931,000 after acquiring an additional 5,403 shares during the last quarter. Atria Investments Inc boosted its position in shares of PTC by 33.8% in the third quarter. Atria Investments Inc now owns 2,455 shares of the technology company’s stock worth $444,000 after acquiring an additional 620 shares during the last quarter. Covestor Ltd lifted its position in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in PTC during the third quarter valued at approximately $269,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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.