PTC presents a mixed array of financial news. The company announced robust Q4 earnings surpassing estimates causing a surge in share prices. It was further boosted by authorization of a $2 billion stock buyback program and new share purchases by Kornitzer Capital Management Inc. Further attention was drawn by ARK Investment Management and Ground Swell Capital reducing their shares while Leeward Investments and US Bancorp increased their holdings. Goldman Sachs highlighted PTC's high consensus on ROE and price targets were increased to $230 and $202 respectively by separate firms. Insider selling by directors and EVP noticed, instigating potential caution. PTC's focus on IoT and AR growth are promising, yet ARR growth reduction sees a stock downgrade from Berenberg. PTC appoints new board member, Rob Bernshteyn. PTC has been performing relatively well, with PTC Industries seeing a rise in stock price while PTC Therapeutics showcasing increasing price performance ratings. A partnership with AWS could potentially drive stock upwards. Though an analysis from Baird points towards strong price appreciation, PTC has seen some sell-offs including from the State of Alaska Department of Revenue and Stephens Investment Management Group.
PTC Stocks News Analytics from Fri, 16 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 10:33:30 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor -2
