PTC (NASDAQ:PTC) Given Daily Coverage Optimism Rating of 0.12

News articles about PTC (NASDAQ:PTC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PTC earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.6867166692825 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

PTC (PTC) traded down $0.01 during midday trading on Wednesday, hitting $61.52. The stock had a trading volume of 1,370,456 shares, compared to its average volume of 1,193,498. PTC has a 52-week low of $45.72 and a 52-week high of $67.12. The stock has a market capitalization of $7,154.48, a PE ratio of 104.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 0.98.

PTC (NASDAQ:PTC) last released 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 return on equity of 8.08% and a net margin of 0.54%. The company had revenue of $306.38 million during the quarter, compared to analysts’ expectations of $306.59 million. During the same period in the prior year, the company posted $0.20 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. equities research analysts expect that PTC will post 0.81 earnings per share for the current year.

PTC announced that its board has approved a share repurchase 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 repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

A number of analysts have recently issued reports on the company. BidaskClub upgraded PTC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Wedbush restated an “outperform” rating and issued a $69.00 target price on shares of PTC in a research report on Tuesday, November 14th. Royal Bank Of Canada restated a “buy” rating and issued a $74.00 target price on shares of PTC in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $74.00 target price (up previously from $64.00) on shares of PTC in a research report on Thursday, October 26th. Finally, Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of PTC in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PTC presently has a consensus rating of “Buy” and a consensus target price of $65.88.

In other PTC news, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $64.58, for a total value of $1,614,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anthony Dibona sold 10,929 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $65.25, for a total value of $713,117.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,924 shares of company stock worth $3,627,304. Insiders own 1.02% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for PTC (NASDAQ:PTC)

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