The stock of PTC Inc (NASDAQ:PTC) hit a new 52-week high and has $51.92 target or 5.00% above today’s $49.45 share price. The 7 months bullish chart indicates low risk for the $5.83B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $51.92 price target is reached, the company will be worth $291.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 398,591 shares traded hands. PTC Inc (NASDAQ:PTC) has risen 32.82% since April 22, 2016 and is uptrending. It has outperformed by 27.41% the S&P500.
Analysts await PTC Inc (NASDAQ:PTC) to report earnings on January, 18. They expect $0.15 EPS, down 59.46% or $0.22 from last year’s $0.37 per share. PTC’s profit will be $17.68 million for 82.42 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by PTC Inc for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
PTC Inc (NASDAQ:PTC) Ratings Coverage
Out of 9 analysts covering PTC (NASDAQ:PTC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. PTC has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 15 by Evercore. The stock of PTC Inc (NASDAQ:PTC) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 9. Pacific Crest initiated the shares of PTC in a report on Thursday, October 8 with “Overweight” rating. The rating was maintained by Wedbush on Monday, September 21 with “Buy”. The rating was initiated by Brean Capital on Friday, October 7 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 30. The stock of PTC Inc (NASDAQ:PTC) has “Outperform” rating given on Wednesday, November 9 by Wedbush. The rating was initiated by KeyBanc Capital Markets on Thursday, October 8 with “Overweight”. Wedbush maintained the stock with “Outperform” rating in Thursday, October 27 report. The firm has “Hold” rating by Zacks given on Tuesday, August 18.
According to Zacks Investment Research, “PTC Inc. develops, markets, and supports software solutions. The company offers enterprise solutions and desktop solutions. Its principal Enterprise Solutions are Windchill, Arbortext, Creo View and Integrity. The Company’s Desktop Solutions include its integrated Creo software suite, its Mathcad engineering calculations software and its Arbortext document authoring tools. It also offers consultation, implementation, training, and maintenance services. PTC Inc., formerly known as Parametric Technology Corporation, is headquartered in Needham, Massachusetts.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.23, from 1.3 in 2016Q1. The ratio dropped, as 25 funds sold all PTC Inc shares owned while 80 reduced positions. 42 funds bought stakes while 94 increased positions. They now own 86.60 million shares or 0.81% more from 85.90 million shares in 2016Q1.
Moreover, Adirondack Research Mngmt has 0.15% invested in PTC Inc (NASDAQ:PTC) for 10,760 shares. The California-based Blackrock Fund Advsrs has invested 0% in PTC Inc (NASDAQ:PTC). Nuveen Asset Ltd Liability Com has 0.01% invested in the company for 60,316 shares. Baker Avenue Asset Management L P accumulated 12,650 shares or 0.07% of the stock. First Personal Financial has invested 0.01% of its portfolio in PTC Inc (NASDAQ:PTC). State Of Wisconsin Invest Board holds 0% of its portfolio in PTC Inc (NASDAQ:PTC) for 10,230 shares. Fmr Lc holds 2.34 million shares or 0.01% of its portfolio. Cramer Rosenthal Mcglynn Limited Liability holds 1.84% of its portfolio in PTC Inc (NASDAQ:PTC) for 3.04M shares. M&T Fincl Bank Corporation owns 10,497 shares or 0% of their US portfolio. Lagoda Invest Mngmt Limited Partnership accumulated 6.94% or 495,393 shares. Eminence Ltd Partnership accumulated 2.22% or 2.92M shares. Visium Asset Lp holds 239,255 shares or 0.63% of its portfolio. Hellman Jordan Mgmt Ma, a Massachusetts-based fund reported 28,961 shares. P2 Cap Prtn Llc holds 1.85 million shares or 11.98% of its portfolio. Tower Limited Liability Corporation (Trc) last reported 0% of its portfolio in the stock.
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