Barclays Maintained PTC (NASDAQ:PTC) As a Overweight; They Now Have a Price Target Of $103

June 13, 2018 - By Michael Collier

PTC Inc. (NASDAQ:PTC) Logo

Investors sentiment decreased to 0.79 in Q1 2018. Its down 0.28, from 1.07 in 2017Q4. It dropped, as 38 investors sold PTC Inc. shares while 132 reduced holdings. 53 funds opened positions while 82 raised stakes. 85.11 million shares or 1.72% less from 86.60 million shares in 2017Q4 were reported.

Renaissance Ltd Com accumulated 166,300 shares. Welch And Forbes Ltd Llc invested in 5,000 shares. Wells Fargo Mn reported 0% of its portfolio in PTC Inc. (NASDAQ:PTC). Vanguard Gru holds 0% in PTC Inc. (NASDAQ:PTC) or 432,739 shares. Pinebridge Investments Limited Partnership holds 35,243 shares or 0.07% of its portfolio. Peak6 Investments Limited Partnership owns 0% invested in PTC Inc. (NASDAQ:PTC) for 3,182 shares. Global Endowment Mgmt Lp invested in 5,000 shares. Emerald Advisers Inc Pa reported 0.07% stake. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 31,353 shares or 0.03% of the stock. Advantus Mgmt Inc invested in 14,239 shares. Mirae Asset Glob Invests Co Ltd reported 0.01% of its portfolio in PTC Inc. (NASDAQ:PTC). Qs Investors Ltd Liability invested 0% in PTC Inc. (NASDAQ:PTC). Northern reported 0% stake. State Street Corporation reported 2.99M shares. Royal State Bank Of Canada owns 298,284 shares.

PTC (NASDAQ:PTC) Rating Reaffirmed

Equity analysts at Barclays now has a $103 target on PTC (NASDAQ:PTC). Barclays and their recent target indicates a potential upside of 9.03 % from the company’s last close price. The rating has been disclosed to clients in a research report on Wednesday, 13 June.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 10 analysts covering PTC Inc (NASDAQ:PTC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. PTC Inc has $102 highest and $60.0 lowest target. $85.10’s average target is -9.92% below currents $94.47 stock price. PTC Inc had 21 analyst reports since January 4, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, March 9 report. RBC Capital Markets maintained PTC Inc. (NASDAQ:PTC) on Thursday, January 18 with “Buy” rating. Wedbush maintained the stock with “Outperform” rating in Friday, June 8 report. The firm earned “Buy” rating on Thursday, January 4 by Robert W. Baird. KeyBanc Capital Markets maintained the shares of PTC in report on Thursday, April 19 with “Overweight” rating. On Thursday, January 18 the stock rating was maintained by Wedbush with “Buy”. As per Thursday, January 18, the company rating was maintained by Guggenheim. The company was maintained on Sunday, April 15 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, January 18 by Barclays Capital. Seaport Global maintained the shares of PTC in report on Thursday, January 18 with “Buy” rating.

The stock increased 1.02% or $0.95 during the last trading session, reaching $94.47. About 855,854 shares traded. PTC Inc. (NASDAQ:PTC) has risen 47.35% since June 14, 2017 and is uptrending. It has outperformed by 34.78% the S&P500.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on July, 18. They expect $0.20 EPS, up 42.86 % or $0.06 from last year’s $0.14 per share. PTC’s profit will be $23.14 million for 118.09 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $10.93 billion. It operates in two divisions, Software Products and Services. It has a 380.93 P/E ratio. The firm computer-aided design products, including PTC Creo, an interoperable suite of product design software for design engineers; and PTC Mathcad software for solving, analyzing, and sharing vital engineering calculations.

Another recent and important PTC Inc. (NASDAQ:PTC) news was published by Themiddlemarket.com which published an article titled: “M&A daily wrap: Rockwell, PTC, L Catterton, Splunk, Heineken, Knauf” on June 11, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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