In a report released yesterday, Kenneth Wong from Oppenheimer maintained a Hold rating on PTC (PTC – Research Report). The company’s shares closed yesterday at $124.67.
Wong covers the Technology sector, focusing on stocks such as Shopify, Veeva Systems, and PTC. According to TipRanks, Wong has an average return of 4.0% and a 51.18% success rate on recommended stocks.
Currently, the analyst consensus on PTC is a Strong Buy with an average price target of $155.33.
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PTC market cap is currently $14.64B and has a P/E ratio of 42.83.
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTC in relation to earlier this year.
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PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the Software products and Professional Services segments. The Software Products segment includes license, subscription and related support revenue for its products. The Professional Services segment consists of consulting, implementation and training services. The company was founded in 1985 and is headquartered in Boston, MA.
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