Could PTC Inc. (PTC) Skyrocket Even More? The Stock Just Made 52-Week High

April 17, 2018 - By Nellie Frank

PTC Inc. (NASDAQ:PTC) Logo

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.01, from 1.06 in 2017Q3. It improved, as 34 investors sold PTC Inc. shares while 106 reduced holdings. 58 funds opened positions while 92 raised stakes. 86.60 million shares or 0.81% less from 87.30 million shares in 2017Q3 were reported.
First Quadrant L P Ca owns 10,700 shares or 0.01% of their US portfolio. Employees Retirement Sys Of Ohio owns 98,934 shares. Raymond James & Assocs invested 0.02% of its portfolio in PTC Inc. (NASDAQ:PTC). Capstone Investment Advsrs Limited Liability Co accumulated 12,259 shares or 0.02% of the stock. State Of Alaska Department Of Revenue holds 8,400 shares. Peak6 Investments L P invested 0.01% of its portfolio in PTC Inc. (NASDAQ:PTC). Eagle Asset Mgmt has 2.55 million shares for 0.86% of their portfolio. Royal National Bank Of Canada holds 0.01% or 340,909 shares. Stone Ridge Asset Mgmt Ltd Co stated it has 5,169 shares. Pictet Asset Limited holds 0.07% or 473,293 shares. Alliancebernstein Ltd Partnership reported 68,626 shares stake. Pinebridge Investments Limited Partnership owns 19,700 shares for 0.03% of their portfolio. Sg Americas Lc owns 20,702 shares. Eminence Capital Lp invested in 1.96 million shares or 1.81% of the stock. Guggenheim Cap holds 0% or 11,145 shares in its portfolio.

The stock of PTC Inc. (NASDAQ:PTC) hit a new 52-week high and has $86.50 target or 4.00 % above today’s $83.17 share price. The 6 months bullish chart indicates low risk for the $9.67B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $86.50 price target is reached, the company will be worth $386.84 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.

The stock increased 2.14% or $1.74 during the last trading session, reaching $83.17. About 255,971 shares traded. PTC Inc. (NASDAQ:PTC) has risen 49.73% since April 17, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Analysts await PTC Inc. (NASDAQ:PTC) to report earnings on April, 18. They expect $0.16 EPS, up 33.33 % or $0.04 from last year’s $0.12 per share. PTC’s profit will be $18.60 million for 129.95 P/E if the $0.16 EPS becomes a reality. After $0.20 actual EPS reported by PTC Inc. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 10 analysts covering PTC (NASDAQ:PTC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. PTC had 20 analyst reports since October 26, 2017 according to SRatingsIntel. Barclays Capital maintained PTC Inc. (NASDAQ:PTC) on Thursday, January 18 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Thursday, January 25. The firm has “Overweight” rating given on Thursday, October 26 by Barclays Capital. Bank of America upgraded the shares of PTC in report on Thursday, January 18 to “Neutral” rating. The company was maintained on Thursday, October 26 by KeyBanc Capital Markets. Robert W. Baird maintained PTC Inc. (NASDAQ:PTC) rating on Thursday, January 4. Robert W. Baird has “Buy” rating and $68.0 target. Robert W. Baird maintained PTC Inc. (NASDAQ:PTC) rating on Wednesday, January 17. Robert W. Baird has “Buy” rating and $75.0 target. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Robert W. Baird on Monday, March 5. The firm earned “Buy” rating on Thursday, January 18 by RBC Capital Markets. The firm has “Hold” rating by J.P. Morgan given on Tuesday, December 12.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $9.67 billion. It operates through three divisions: IoT Group, Solutions Group, and Professional Services. It has a 335.36 P/E ratio. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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