The stock of PTC Inc (NASDAQ:PTC) reached all time high today, Nov, 25 and still has $54.00 target or 9.00% above today’s $49.54 share price. This indicates more upside for the $5.84 billion company. This technical setup was reported by Barchart.com. If the $54.00 PT is reached, the company will be worth $525.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 423,855 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 earnings per share, down 59.46% or $0.22 from last year’s $0.37 per share. PTC’s profit will be $17.68M for 82.57 P/E if the $0.15 EPS becomes a reality. After $0.12 actual earnings per share 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 earned “Overweight” rating on Thursday, October 8 by KeyBanc Capital Markets. The company was maintained on Monday, September 21 by Wedbush. As per Thursday, July 30, the company rating was maintained by Barclays Capital. The firm has “Buy” rating given on Friday, November 4 by Goldman Sachs. On Thursday, August 6 the stock rating was initiated by CLSA with “Outperform”. Wedbush maintained PTC Inc (NASDAQ:PTC) rating on Wednesday, November 9. Wedbush has “Outperform” rating and $56 price target. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, September 9. Pacific Crest initiated the shares of PTC in a report on Thursday, October 8 with “Overweight” rating. The stock of PTC Inc (NASDAQ:PTC) earned “Hold” rating by Zacks on Tuesday, August 18. The firm has “Buy” rating by Evercore given on Thursday, September 15.
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 fall, 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.
Clarivest Asset Mgmt Limited Liability Com, a California-based fund reported 27 shares. Blackrock Fund Advsr last reported 27,420 shares in the company. Wright Invsts Service has 17,940 shares for 0.28% of their US portfolio. Sg Americas Securities Ltd Limited Liability Company has 0.01% invested in the company for 29,178 shares. Gp has invested 0% of its portfolio in PTC Inc (NASDAQ:PTC). Acadian Asset Management Limited Liability Com, a Massachusetts-based fund reported 27,453 shares. Qci Asset Ny last reported 0% of its portfolio in the stock. Bnp Paribas Investment Prns Sa accumulated 0.23% or 714,987 shares. Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Whale Rock Management Ltd Llc has 299,470 shares for 0.94% of their US portfolio. Fmr Ltd Liability last reported 2.34M shares in the company. Canada Pension Plan Invest Board holds 0.01% of its portfolio in PTC Inc (NASDAQ:PTC) for 43,600 shares. Amalgamated Bankshares owns 17,454 shares or 0.04% of their US portfolio. Marshall Wace Ltd Liability Partnership holds 1.46M shares or 0.46% of its portfolio. Capstone Asset Mgmt Company holds 9,479 shares or 0.01% of its portfolio.
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