Stifel Nicolaus Remains a Buy on PTC (PTC)
In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on PTC, with a price target of $180.00.
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Borg covers the Technology sector, focusing on stocks such as Autodesk, Check Point, and CrowdStrike Holdings. According to TipRanks, Borg has an average return of 14.3% and a 63.76% success rate on recommended stocks.
In addition to Stifel Nicolaus, PTC also received a Buy from BMO Capital’s Daniel Jester in a report issued on May 19. However, on May 26, Berenberg Bank maintained a Hold rating on PTC (NASDAQ: PTC).
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. Last month, ALICE CHRISTENSON, the CAO of PTC sold 816.00 shares for a total of $118,989.12.
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