Is there a Bearish outlook for PTC Inc. (NASDAQ:PTC) this week?

May 23, 2018 - By Kenneth Lin

PTC Inc. (NASDAQ:PTC) LogoInvestors sentiment increased to 1.07 in Q4 2017. Its up 0.01, from 1.06 in 2017Q3. It increased, as 34 investors sold PTC Inc. shares while 106 reduced holdings. 58 funds opened positions while 92 raised stakes. 86.60 million shares or 0.81% less from 87.30 million shares in 2017Q3 were reported.
62,642 are owned by Nicholas Inv Limited Partnership. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys accumulated 0.01% or 16,886 shares. Cibc Asset Management owns 3,769 shares. New Jersey Better Educational Savings Trust holds 0.43% or 7,000 shares in its portfolio. Mai Capital Management accumulated 4,200 shares or 0.01% of the stock. Stifel accumulated 55,312 shares or 0.01% of the stock. Swiss Retail Bank reported 0.01% in PTC Inc. (NASDAQ:PTC). Retirement Of Alabama owns 149,487 shares or 0.04% of their US portfolio. Cambiar Invsts Ltd Llc holds 73,668 shares. Manufacturers Life Ins The owns 837 shares. State Of Alaska Department Of Revenue invested in 0.01% or 8,400 shares. Gsa Cap Ptnrs Limited Liability Partnership, United Kingdom-based fund reported 15,300 shares. Sterling Llc owns 0.23% invested in PTC Inc. (NASDAQ:PTC) for 415,030 shares. State Of Tennessee Treasury Department reported 70,000 shares or 0.02% of all its holdings. Sg Americas Secs Limited Liability Corp holds 20,702 shares.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 11 analysts covering PTC Inc (NASDAQ:PTC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. PTC Inc had 21 analyst reports since December 12, 2017 according to SRatingsIntel. Berenberg maintained the stock with “Buy” rating in Monday, April 23 report. The rating was maintained by Robert W. Baird on Wednesday, January 17 with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $8500 target in Sunday, April 15 report. KeyBanc Capital Markets maintained the shares of PTC in report on Wednesday, January 17 with “Buy” rating. Barclays Capital maintained the shares of PTC in report on Thursday, April 19 with “Overweight” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 18. The rating was maintained by Wedbush with “Buy” on Wednesday, March 14. Wedbush maintained PTC Inc. (NASDAQ:PTC) on Thursday, January 18 with “Buy” rating. As per Thursday, January 4, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Seaport Global given on Thursday, January 18. Below is a list of PTC Inc. (NASDAQ:PTC) latest ratings and price target changes.

23/04/2018 Broker: Berenberg Rating: Buy New Target: $100.0000 Maintain
19/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $86 New Target: $88 Maintain
19/04/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $83 New Target: $95 Maintain
19/04/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $92 New Target: $94 Maintain
15/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $85.0000 Maintain
14/03/2018 Broker: Wedbush Rating: Buy New Target: $91.0 Maintain
09/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $79 New Target: $92 Maintain
05/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $83.0 Maintain
25/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $78.0 Maintain
18/01/2018 Broker: Citigroup Rating: Buy New Target: $78.0

It closed at $84.79 lastly. It is down 49.73% since May 23, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $9.78 billion. It operates in two divisions, Software Products and Services. It has a 341.9 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.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Businesswire.com which released: “PTC Explores the Use of Augmented Reality Technology for Autism” on April 24, 2018, also Businesswire.com with their article: “PTC to Participate in Three Upcoming Investor Conferences” published on May 08, 2018, Businesswire.com published: “PTC Continues Competitive Momentum with New and Expanded Creo Customers” on May 17, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Businesswire.com and their article: “PTC to Host Investor Session at LiveWorx on Monday, June 18” published on May 21, 2018 as well as Businesswire.com‘s news article titled: “LiveWorx 18 to Showcase Tech Industry Luminaries” with publication date: May 08, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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