How to Buy Ptc Stock
Ptc Inc
PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services.
Ptc stock last closed at $180.50, up 0.03% from the previous day, and has increased 43.15% in one year. It has overperformed other stocks in the Software - Application industry by 0.19 percentage points. Ptc stock is currently +49.64% from its 52-week low of $120.62, and -7.07% from its 52-week high of $194.24.
There are currently 119.55M shares of PTC outstanding. The market capitalization of PTC is $21.58B. In the past 24 hours, 415,846 PTC shares were traded.
How to Buy Ptc Stock
Wondering how to invest in Ptc stock? Here's how.
- Decide where to buy Ptc stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Ptc stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your method of payment and add your info.
- Analyze Ptc stock: The Ptc ticker symbol is PTC. Is Ptc stock a good investment? Should you buy shares of PTC? How do PTC's underlying business fundamentals look? Do top analysts think Ptc is a good buy? Why has PTC's stock price moved recently? (Hint: Our stock research website can help you understand if PTC is a good stock to buy).
- Place your PTC purchase: Decide if you will purchase PTC shares at the current market price or use a limit order to buy PTC stock at a particular price.
- Get updates on your PTC investment: Create a watchlist to important notifications about your new investment in Ptc shares.
Step 1: Decide where to buy Ptc stock
You need an online brokerage account to access the NASDAQ market and buy PTC shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to buy PTC stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
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Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best stock app to use, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Analyze Ptc stock
After you have decided on the best place to buy Ptc stock, it's absolutely critical to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Ptc stock at a glance
PTC Overview
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PTC's stock page.
Is PTC stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PTC's true value.
Using relative valuations methods:
- PTC could be undervalued based on its P/E ratio of 90.25x, relative to Software - Application industry P/E ratio of 103.08x
- PTC could be overvalued based on its P/B ratio of 7.69x, relative to Software - Application industry P/B ratio of 6.53x
- PTC could be overvalued based on its PEG ratio of 1.85x
You can do additional valuation analysis on PTC's stock here.
PTC Financial Health Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the PTC balance sheet.
- PTC's operating cash flow of $617.28M allows it to safely service it's debt of $2.45B.
Failed Financial Due Diligence Checks:
- Total PTC debt is higher than 5 years ago, relative to shareholder equity.
- PTC earnings of $480.13M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the PTC balance sheet.
- PTC profit margin has gone down from 17.6% to 10.9% in the past year.
- PTC has a relatively high debt to equity ratio of 1.23.
Is PTC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 Equities analysts who track PTC, the consensus analyst rating on PTC is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent PTC Analyst Upgrades/Downgrades
Matthew Hedberg, a top 1% analyst from RBC Capital reiterates PTC with a buy rating and maintains their PTC price target from $202.00 to $202.00, on Feb 1, 2024.
Matthew Broome, a top 21% analyst from Mizuho maintains PTC with a strong buy rating and raises their PTC price target from $200.00 to $210.00, on Feb 1, 2024.
Mizuho's Matthew Broome raised their price target on Ptc (NASDAQ: PTC) by 5% from $200 to $210 on 2024/02/01. The analyst maintained their Strong Buy rating on the stock.
Ptc reported "solid Q1 results in the face of persistent macro headwinds," beating on ARR (Annual Recurring Revenue) and free cash flow, Broome wrote in a note assessing the company's Q1 2024 report, released on 2024/01/30.
Following the Q1 print, the stock setup "has become slightly more favorable," the analyst said.
Earnings Report
For Q1 2024, Ptc reported:
- EPS of $1.11, which beat the Zacks Consensus Estimate of $0.98 and, by 11%, Q1 2023’s $0.99.
- Revenue of $550.21M, which beat the Zacks Consensus Estimate of $538.57M and, by 18%, Q1 2023’s $465.91M.
Management guided:
For Q2 2024:
- EPS of $1.10 to $1.30.
- Revenue of $560M to $590M.
For FY 2024:
- EPS of $4.50 to $5.20.
- Revenue of $2.27B to $2.36B.
CEO James Heppelmann commented: "In our Q1, we again delivered solid ARR(Annual Recurring Revenue) and cash flow results.
“I am confident that PtcC is well positioned to continue delivering durable and consistent ARR and cash flow growth under the leadership of Neil Barua.”
CEO-elect Neil Barua commented: "We have a differentiated strategy that leverages our unique product portfolio to help our customers along their digital transformation journeys.
“I am looking forward to working with the team to continue enhancing Ptc's already strong market position and execution by continuing to invest significantly in technologies that meet the evolving needs of our customers."
Daniel Jester, a top 13% analyst from BMO Capital maintains PTC with a buy rating and raises their PTC price target from $195.00 to $200.00, on Feb 1, 2024.
Clarke Jeffries, a bottom 10% analyst from Piper Sandler maintains PTC with a hold rating and raises their PTC price target from $155.00 to $177.00, on Jan 9, 2024.
Stephen Tusa, a top 16% analyst from JP Morgan upgrades PTC to a strong buy rating and raises their PTC price target from $130.00 to $200.00, on Jan 4, 2024.
You can dive deeper into what analysts are forecasting on the Ptc stock forecast page.
PTC Technicals
Is PTC Growing Revenue?
Last year, PTC earnings were $236.89M. During the past 5 year, PTC's earnings have grown by 30.92% per year. This was faster than the Software - Application industry average of 30.84%.
Last year, PTC revenue was $2.18B. Over the past 5 year, PTC's revenue has grown by 11.43% per year. This was slower than the Software - Application industry average of 27.59%.
Dig into PTC's earnings and revenue performance here.
Who is buying/selling PTC?
Over the past 12 months, insiders at PTC have sold more shares than they have bought.
Catherine Kniker, Chief Strategy Officer of PTC, was the latest PTC insider to sell. They sold $41,270.87 worth of PTC stock on Mar 15, 2024.
Learn more about who owns PTC shares here.
Can I rely on PTC as an income stream?
No, Ptc doesn't provide an income stream by paying out dividends.
What do other investors have to say about PTC?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your PTC purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open button and eToro will place your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your PTC investment
Now that you own some shares in PTC, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to keep track of your PTC stock.
PTC Feed
How to Buy Stock in Ptc
To summarize, here are the 6 steps to buy stock in Ptc:
- Decide where to buy Ptc stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Ptc stock
- Place your PTC purchase
- Get updates on your PTC investment
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Ptc, get started below.
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