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Berenberg Bank Reaffirms Their Hold Rating on PTC (PTC)

Tipranks - Tipranks - Thu May 28, 1:00AM CDT

Berenberg Bank analyst maintained a Hold rating on PTC yesterday and set a price target of $170.00. The company’s shares closed yesterday at $144.88.

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Currently, the analyst consensus on PTC is a Moderate Buy with an average price target of $181.15.

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Based on PTC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $774.3 million and a net profit of $590.72 million. In comparison, last year the company earned a revenue of $636.37 million and had a net profit of $162.64 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTC in relation to earlier this year. Earlier this month, ALICE CHRISTENSON, the CAO of PTC sold 816.00 shares for a total of $118,989.12.

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