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Robert W. Baird Keeps Their Buy Rating on PTC (PTC)

Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on PTC (PTCResearch Report) on July 27 and set a price target of $153.00. The company’s shares closed last Thursday at $125.81.

According to TipRanks.com, Vruwink is a 2-star analyst with an average return of 0.2% and a 49.7% success rate. Vruwink covers the Technology sector, focusing on stocks such as Instructure Holdings, Manhattan Associates, and Bentley Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC with a $137.60 average price target, representing a 15.7% upside. In a report issued on July 19, Mizuho Securities also maintained a Buy rating on the stock with a $120.00 price target.

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The company has a one-year high of $150.42 and a one-year low of $96.55. Currently, PTC has an average volume of 787.8K.

Based on the recent corporate insider activity of 38 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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