PTC stock: buy or sell?
August 19th, 2019
PTC Inc. develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services.
Should I buy PTC stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with PTC stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is PTC stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 15 ratings published for PTC stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-25||Royal Bank of Canada||Outperform||Sector Perform|
|2019-7-25||Bank of America||n/a||Underperform|
|2019-6-12||Bank of America||n/a||Underperform|
|2019-4-25||JPMorgan Chase & Co.||Neutral||Underweight|
|2019-4-25||Bank of America||Neutral||Underperform|
PTC stock analysis
Shares of PTC ended today at $66.89 and jumped a more than good 2.31%.
PTC shares jumped 2.31% to $66.89 today. PTC marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $67.30 would break this short term down trend and open possibilities for reversing this situation.
After sliding for 4 weeks, this week PTC grew a fine 2.31%, closing at $66.89. Late July PTC collapsed a hair-raising -9.05% in just one week. This week broke a streak of 4 declining weeks.
Since price and 40-weeks moving average lines crossed down late July, PTC fell $-21.10 per share (-23.98%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high PTC marked early October and since then the price is -37.74% below that top.
PTC stock price history
PTC stock went public on December 8th, 1989 with a price of $1.641. Since then, PTC stock surged a 3,978.70%, with a yearly average of 137.20%. If you had invested right after PTC's IPO a $1,000 in PTC stock in 1989, it would worth $39,787.00 today.
1: Adjusted price after possible price splits or reverse-splits.
PTC stock historical price chart
PTC stock reached all-time highs on October with a price of $107.44.
PTC stock price target is $87.90How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' PTC stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 9 price predictions for PTC stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-25||Royal Bank of Canada||Downgrades||$110.00||$85.00||-22.7%|
|2019-7-25||Bank of America||Lowers Target||$80.00||$65.00||-18.8%|
|2019-6-12||Bank of America||Lowers Target||$86.00||$80.00||-7%|
|2019-4-25||Deutsche Bank||Lowers Target||$115.00||$110.00||-4.3%|
|2019-4-25||Bank of America||Downgrades||n/a||$86.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when PTC posted its last earnings report, it collapsed a hair-raising -31.28%. As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an excellent increase of 6.68% to $1,241.82 M USD. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) raised a 3.65% to 4.19%. PTC fiscal year ends in September, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, PTC TTM sales up to March 2019 were $1,277.49 and earnings $39.14 million dollars. When comparing this TTM figures with the last reported annuality, we can review PTC business evolution since September 2018: Annual revenues up to March, compared to lastest yearly report, appreciated a tiny 2.87%. Regarding profit margin, PTC depreciated -1.12% to 4.19%
|2013||$1,290 M||-||$144 M11.1%||-|
|2014||$1,357 M||5.19%||$160 M11.8%||11.42%|
|2015||$1,255 M||-7.50%||$48 M3.8%||-70.31%|
|2016||$1,141 M||-9.14%||$-54.47 M-4.8%||-214.53%|
|2017||$1,164 M||2.06%||$6.24 M0.5%||-111.46%|
|2018||$1,242 M||6.68%||$52 M4.2%||733.26%|
|TTM||$1,277 M||2.87%||$39 M3.1%||-24.71%|
Quarterly financial resultsPTC reported $315.50 million in sales for 2019-Q1, a -5.73% less compared to previous quarter. Reported quarter income marked $-12.03 million with a profit margin of -3.81%. Profit margin plunged a -10.08% compared to previous quarter when profit margin was 6.27%. When comparing turnover to same quarter last year, PTC sales marked a slightly good gain and gained a 2.47%.
|2017-Q2||$291 M||-||$-1 M-0.3%||-|
|2017-Q3||$306 M||5.15%||$17 M5.7%||-1,933.33%|
|2017-Q4||$307 M||0.09%||$14 M4.5%||-20.41%|
|2018-Q1||$308 M||0.40%||$8 M2.6%||-42.91%|
|2018-Q2||$315 M||2.24%||$17 M5.4%||114.55%|
|2018-Q3||$313 M||-0.72%||$13 M4.2%||-22.39%|
|2018-Q4||$335 M||7.09%||$21 M6.3%||59.09%|
|2019-Q1||$315 M||-5.73%||$-12 M-3.8%||-157.33%|
PTC ownershipWhen you are planning to buy shares of a stock, it's always worth to review its ownership structure.
PTC shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 9.81% of all shares.
Bearish positions for PTC stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to PTC:
|Market cap||$7.7 B||$140.5 B||$31.7 B||$17.6 B||$9.3 B|
|Total shares||115.0 M||488.0 M||219.6 M||83.9 M||69.0 M|
|Float shares||104.3 M||483.6 M||219.3 M||83.4 M||68.6 M|
|- Institutional holdings (%)||95.7%||88.9%||98.7%||98.2%||99.9%|
|- Insider holdings (%)||9.8%||0.3%||0.2%||1.2%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$65.81 - $67.13|
|Average true range||$1.99|
|50d mov avg||$81.19|
|100d mov avg||$85.75|
|200d mov avg||$86.33|
PTC performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For PTC, the comparison is made against Adobe, Autodesk, ANSYS, Aspen Technology, General Electric, International Business Machines, Oracle, QAD and Synopsys.
PTC competitorsWe selected a few stocks to conform a list of PTC competitors to check if you are interested in investing in PTC:
- Adobe (ADBE)
- Autodesk (ADSK)
- ANSYS (ANSS)
- Aspen Technology (AZPN)
- General Electric (GE)
- International Business Machines (IBM)
- Oracle (ORCL)
- QAD (QADB)
- Synopsys (SNPS)
Latest PTC stock news
- Seeking AlphaPTC Therapeutics: Opportunity After Secondary Offering?January 25, 2019
- InvestorPlaceThingWorx Makes PTC Stock a Great Buy for Growth InvestorsAugust 15, 2018
- Seeking AlphaPTC's Transition Is Paying OffJuly 21, 2018
- Seeking AlphaPTC's Opportunity In The IoT MarketJuly 11, 2018
- Seeking AlphaPTC Therapeutics Surges On Positive Outcome From Rare Disease StudyJune 19, 2018