How Many PTC Inc. (NASDAQ:PTC)’s Analysts Are Bearish?

May 23, 2018 - By Winifred Garcia

PTC Inc. (NASDAQ:PTC) LogoInvestors sentiment increased to 1.07 in 2017 Q4. Its up 0.01, from 1.06 in 2017Q3. It increased, 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 Interstate Bancorp reported 0% in PTC Inc. (NASDAQ:PTC). Commonwealth Of Pennsylvania Public School Empls Retrmt stated it has 16,886 shares or 0.01% of all its holdings. Td Asset Mgmt owns 0.09% invested in PTC Inc. (NASDAQ:PTC) for 988,340 shares. Bessemer Grp has 38 shares for 0% of their portfolio. 1.68 million were accumulated by Ubs Asset Mgmt Americas. Highvista Strategies reported 42,400 shares. State Bank Of America Corp De has invested 0% in PTC Inc. (NASDAQ:PTC). Paloma Prtn Management stated it has 0.01% of its portfolio in PTC Inc. (NASDAQ:PTC). 69,444 were reported by Polar Cap Llp. Lazard Asset Mngmt Limited Liability Co, a New York-based fund reported 1.44 million shares. Atlantic Tru Gru Ltd Llc invested in 289,609 shares. The Connecticut-based Wright Invsts Ser has invested 0.21% in PTC Inc. (NASDAQ:PTC). Morgan Stanley invested in 636 shares or 0% of the stock. Prelude Management Ltd Liability Com holds 0.1% of its portfolio in PTC Inc. (NASDAQ:PTC) for 20,373 shares. Impax Asset holds 2.32% or 1.39 million shares.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 11 analysts covering PTC Inc (NASDAQ:PTC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. PTC Inc had 21 analyst reports since December 12, 2017 according to SRatingsIntel. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Robert W. Baird on Monday, March 5. The rating was maintained by Robert W. Baird with “Buy” on Thursday, January 25. The stock of PTC Inc. (NASDAQ:PTC) has “Buy” rating given on Monday, April 23 by Berenberg. Wedbush maintained it with “Buy” rating and $78.0 target in Thursday, January 18 report. The stock of PTC Inc. (NASDAQ:PTC) has “Overweight” rating given on Thursday, April 19 by KeyBanc Capital Markets. The rating was maintained by Guggenheim with “Hold” on Wednesday, January 10. The rating was maintained by Barclays Capital on Thursday, April 19 with “Overweight”. The company was maintained on Thursday, January 18 by Seaport Global. The rating was upgraded by Bank of America to “Neutral” on Thursday, January 18. The stock has “Hold” rating by J.P. Morgan on Tuesday, December 12. Below is a list of PTC Inc. (NASDAQ:PTC) latest ratings and price target changes.

23/04/2018 Broker: Berenberg Rating: Buy New Target: $100.0000 Maintain
19/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $86 New Target: $88 Maintain
19/04/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $83 New Target: $95 Maintain
19/04/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $92 New Target: $94 Maintain
15/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $85.0000 Maintain
14/03/2018 Broker: Wedbush Rating: Buy New Target: $91.0 Maintain
09/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $79 New Target: $92 Maintain
05/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $83.0 Maintain
25/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $78.0 Maintain
18/01/2018 Broker: Citigroup Rating: Buy New Target: $78.0

It closed at $84.79 lastly. It is down 49.73% since May 23, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

PTC Inc. develops and delivers software products and solutions worldwide. The company has market cap of $9.78 billion. It operates in two divisions, Software Products and Services. It has a 341.9 P/E ratio. The firm computer-aided design products, including PTC Creo, an interoperable suite of product design software for design engineers; and PTC Mathcad software for solving, analyzing, and sharing vital engineering calculations.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Businesswire.com which released: “LiveWorx 18 to Showcase Tech Industry Luminaries” on May 08, 2018, also Businesswire.com with their article: “PTC Continues Competitive Momentum with New and Expanded Creo Customers” published on May 17, 2018, Businesswire.com published: “PTC to Participate in Three Upcoming Investor Conferences” on May 08, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Nasdaq.com and their article: “Analysis: Positioning to Benefit within PTC, Black Hills, Mack-Cali Realty, Milacron, Rexahn Pharmaceuticals, and …” published on May 03, 2018 as well as Businesswire.com‘s news article titled: “PTC Explores the Use of Augmented Reality Technology for Autism” with publication date: April 24, 2018.

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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