The stock of PTC Inc (NASDAQ:PTC) reached all time high today, Oct, 13 and still has $62.80 target or 40.00% above today’s $44.86 share price. This indicates more upside for the $5.16 billion company. This technical setup was reported by Barchart.com. If the $62.80 PT is reached, the company will be worth $2.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 237,802 shares traded hands. PTC Inc (NASDAQ:PTC) has risen 44.63% since March 10, 2016 and is uptrending. It has outperformed by 37.11% the S&P500.
Analysts await PTC Inc (NASDAQ:PTC) to report earnings on October, 26. They expect $0.29 EPS, down 51.67% or $0.31 from last year’s $0.6 per share. PTC’s profit will be $33.36M for 38.67 P/E if the $0.29 EPS becomes a reality. After $0.19 actual EPS reported by PTC Inc for the previous quarter, Wall Street now forecasts 52.63% EPS growth.
PTC Inc (NASDAQ:PTC) Ratings Coverage
Out of 7 analysts covering PTC (NASDAQ:PTC), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. PTC has been the topic of 13 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, October 8. Sterne Agee CRT initiated the stock with “Neutral” rating in Wednesday, September 9 report. The firm earned “Overweight” rating on Thursday, October 8 by Pacific Crest. The rating was initiated by CLSA on Thursday, August 6 with “Outperform”. Wedbush maintained the shares of PTC in a report on Monday, September 21 with “Buy” rating. The rating was downgraded by Zacks to “Hold” on Tuesday, August 18. Barclays Capital maintained PTC Inc (NASDAQ:PTC) on Thursday, July 30 with “Overweight” rating. Evercore initiated the stock with “Buy” rating in Thursday, September 15 report. Brean Capital initiated the stock with “Buy” rating in Friday, October 7 report.
According to Zacks Investment Research, “PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company’s Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts.”
Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.07, from 1.37 in 2016Q1. The ratio dived, as 25 funds sold all PTC Inc shares owned while 80 reduced positions. 42 funds bought stakes while 94 increased positions. They now own 86.60 million shares or 0.81% more from 85.90 million shares in 2016Q1.
Peapack Gladstone Fincl owns 189,949 shares or 0% of their US portfolio. Swiss Comml Bank has invested 0.01% of its portfolio in PTC Inc (NASDAQ:PTC). Jennison Assoc Ltd Com holds 3.59 million shares or 0.15% of its portfolio. Nationwide Fund Advsr reported 1,700 shares or 0% of all its holdings. Principal Financial Grp holds 420,307 shares or 0.02% of its portfolio. Financial Bank has invested 0% of its portfolio in PTC Inc (NASDAQ:PTC). Cambiar Llc holds 0.06% or 111,997 shares in its portfolio. Tdam Usa holds 47,466 shares or 0.09% of its portfolio. Independent Consultants Inc accumulated 18,690 shares or 0.22% of the stock. Oxford Asset Mgmt has 36,493 shares for 0.06% of their US portfolio. Eam Investors Limited Liability Corp, a California-based fund reported 54,107 shares. Segall Bryant And Hamill Ltd has 0.62% invested in the company for 621,633 shares. The New Jersey-based Bessemer Group has invested 0% in PTC Inc (NASDAQ:PTC). Wells Fargo And Mn has 5,493 shares for 0% of their US portfolio. Millennium Mngmt holds 0.12% or 1.42 million shares in its portfolio.
Another recent and important PTC Inc (NASDAQ:PTC) news was published by Seekingalpha.com which published an article titled: “PTC: Paying Too Much For A Great Vision” on October 05, 2016.
PTC Company Profile
PTC Inc., incorporated on May 13, 1985, develops and delivers technology solutions, which consists of software and services that transform the way the clients create, operate and service their products. The Firm has two divisions: Software Products and Services. The Company’s Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products. The Company’s Services segment includes consulting, implementation, training, cloud services, computer training products, including support on these products, and other services. The Company’s solutions and software products serve the following areas: computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM) and Internet of things (IoT). The Firm is organized into two business units: the Solutions Group, which consists of its CAD, PLM, ALM and SLM business, and the Technology Platform Group, which consists of its IoT, analytics and augmented reality business.
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