PTC (PTC) : Zacks Investment Research ranks PTC (PTC) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.38, which indicates as a Strong Buy.
PTC (PTC) : The highest level PTC (PTC) is projected to reach is $53 for the short term and the lowest estimate is at $39. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $46 and the possibility the share price can swing is $5.01.
For the current week, the company shares have a recommendation consensus of Buy. PTC (NASDAQ:PTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.31 and $41.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.65, notching a gain of 0.92% for the day. The total traded volume was 487,551 . The stock had closed at $41.27 on the previous day.
In a related news, Grierson Donald K, director of Ptc Inc., unloaded 5,000 shares at an average price of $39.41 on August 3, 2016. The total amount of the transaction was worth $197,050, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.