Media coverage about PTC (NASDAQ:PTC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PTC earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.4883743447437 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- PEACHTREE CITY, GA (ml.com)
- PTC Unveils Reality Lab to Advance Adoption of and Exploration of New Applications for Augmented Reality (finance.yahoo.com)
- PTC Inc. (PTC) EVP Sells $317,733.60 in Stock (americanbankingnews.com)
- Staats Aaron C. Von Sells 9,947 Shares of PTC Inc. (PTC) Stock (americanbankingnews.com)
- Insider Selling: PTC Inc. (PTC) Insider Sells 25,000 Shares of Stock (americanbankingnews.com)
Shares of PTC (PTC) traded down $0.08 during trading on Friday, reaching $65.12. The company had a trading volume of 737,422 shares, compared to its average volume of 1,250,011. PTC has a twelve month low of $45.57 and a twelve month high of $67.12. The company has a market cap of $7,528.36, a price-to-earnings ratio of 110.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.05 and a quick ratio of 0.94.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). PTC had a net margin of 0.54% and a return on equity of 8.08%. The firm had revenue of $306.38 million during the quarter, compared to the consensus estimate of $306.59 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that PTC will post 0.81 earnings per share for the current fiscal year.
PTC announced that its Board of Directors has approved a share repurchase program on Tuesday, September 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages have recently issued reports on PTC. Wedbush reissued an “outperform” rating and issued a $57.00 price objective on shares of PTC in a research note on Thursday, October 5th. Evercore ISI set a $65.00 price objective on PTC and gave the company a “buy” rating in a research note on Monday, August 28th. Robert W. Baird reissued a “buy” rating and issued a $65.00 price objective on shares of PTC in a research note on Thursday, August 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of PTC in a research note on Monday, September 4th. Finally, BidaskClub downgraded PTC from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. PTC currently has an average rating of “Buy” and a consensus target price of $65.88.
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In other PTC news, Director Robert Schechter sold 1,128 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.88, for a total transaction of $75,440.64. Following the completion of the sale, the director now directly owns 64,826 shares of the company’s stock, valued at approximately $4,335,562.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul A. Lacy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $65.81, for a total value of $263,240.00. Following the sale, the director now directly owns 61,486 shares of the company’s stock, valued at $4,046,393.66. The disclosure for this sale can be found here. Insiders have sold a total of 44,995 shares of company stock valued at $2,914,187 over the last three months. Corporate insiders own 1.02% of the company’s stock.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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