Analyst Rating Update on PTC (PTC)

PTC (NASDAQ:PTC) : 6 brokerage houses believe that PTC (NASDAQ:PTC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PTC (NASDAQ:PTC). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.

PTC (NASDAQ:PTC) : The most positive equity analysts on PTC (NASDAQ:PTC) expects the shares to touch $53, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $43.63 with an expected fluctuation of $6.02 from the mean.

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

PTC (NASDAQ:PTC): stock turned positive on Tuesday. Though the stock opened at $35.3, the bulls momentum made the stock top out at $35.66 level for the day. The stock recorded a low of $34.9 and closed the trading day at $35.19, in the green by 0.69%. The total traded volume for the day was 742,187. The stock had closed at $34.95 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cohen Barry F, officer (EVP Strategy) of Ptc Inc., had unloaded 30,000 shares at an average price of $35.77 in a transaction dated on May 31, 2016. The total value of the transaction was worth $1,073,100.

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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