News headlines about PTC (NASDAQ:PTC) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PTC earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.8432927026565 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- PTC (PTC) Cut to Hold at BidaskClub (americanbankingnews.com)
- PTC Inc., (NASDAQ: PTC), Mastercard Incorporated, (NYSE: MA), UBS Group AG, (NYSE: UBS), Perrigo Company plc … – Stocks In The News (press release) (tradingnewsnow.com)
- KTM Meets Company Growth Challenges by Expanding PTC CAD and PLM Environment, Deploying ThingWorx Navigate, and Embracing the PTC Subscription Model (finance.yahoo.com)
- North Dakota Department of Health – Air Quality Division Issues Draft Permit to Construct for the Davis Refinery (forextv.com)
- These Stock’s are Flying High, But Don’t Go Contrarian Yet: PTC Inc., (NASDAQ: PTC), Clean Energy Fuels Corp … – Stocks In The News (press release) (tradingnewsnow.com)
A number of research firms recently issued reports on PTC. Evercore ISI set a $65.00 target price on PTC and gave the stock a “buy” rating in a report on Thursday, October 19th. BidaskClub lowered PTC from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 target price on shares of PTC in a report on Monday, September 4th. Bank of America began coverage on PTC in a report on Monday, November 6th. They set an “underperform” rating and a $60.00 target price on the stock. Finally, Berenberg Bank began coverage on PTC in a report on Wednesday, August 23rd. They set a “buy” rating and a $66.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. PTC currently has an average rating of “Buy” and an average price target of $65.88.
Shares of PTC (PTC) traded down $0.61 on Friday, reaching $61.70. The company had a trading volume of 604,438 shares, compared to its average volume of 812,279. The stock has a market cap of $7,235.77, a PE ratio of 105.61 and a beta of 1.33. PTC has a 1 year low of $45.72 and a 1 year high of $67.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.98 and a quick ratio of 0.98.
PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The company had revenue of $306.38 million during the quarter, compared to analysts’ expectations of $306.59 million. PTC had a return on equity of 8.08% and a net margin of 0.54%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. equities analysts anticipate that PTC will post 0.81 EPS for the current year.
PTC declared that its Board of Directors has authorized a share buyback program on Tuesday, September 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
In related news, VP Staats Aaron C. Von sold 9,947 shares of PTC stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $64.67, for a total value of $643,272.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul A. Lacy sold 4,000 shares of PTC stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $65.81, for a total value of $263,240.00. Following the completion of the transaction, the director now directly owns 61,486 shares in the company, valued at approximately $4,046,393.66. The disclosure for this sale can be found here. Insiders sold a total of 55,924 shares of company stock worth $3,627,304 in the last three months. 1.11% of the stock is currently owned by company insiders.
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PTC Company Profile
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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