Analyst Price Target Update on PTC (NASDAQ:PTC)

PTC (NASDAQ:PTC): The stock price is expected to reach $ 43.63 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $53 while the lower estimate is at $34. The standard deviation of the price stands at $6.02.

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Cohen Barry F, officer (EVP Strategy) of Ptc Inc., unloaded 30,000 shares at an average price of $35.77 on May 31, 2016. The total amount of the transaction was worth $1,073,100, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

PTC (NASDAQ:PTC) : On Monday heightened volatility was witnessed in PTC (NASDAQ:PTC) which led to swings in the share price. The stock opened for trading at $36.83 and hit $37.56 on the upside , eventually ending the session at $37.2, with a gain of 0.46% or 0.17 points. The heightened volatility saw the trading volume jump to 1,422,940 shares. The 52-week high of the share price is $42.75 and the company has a market cap of $4,264 million. The 52-week low of the share price is at $27.06 .

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

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