PTC (PTC) Receives a Hold from Guggenheim

Guggenheim analyst Kenneth Wong maintained a Hold rating on PTC (PTCResearch Report) on July 28. The company’s shares closed last Tuesday at $132.41.

According to TipRanks.com, Wong is a 5-star analyst with an average return of 28.5% and a 72.2% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Progress Software.

Currently, the analyst consensus on PTC is a Strong Buy with an average price target of $168.00.

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The company has a one-year high of $153.73 and a one-year low of $79.36. Currently, PTC has an average volume of 622.1K.

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PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the Software products and Professional Services segments. The Software Products segment includes license, subscription and related support revenue for its products. The Professional Services segment consists of consulting, implementation and training services. The company was founded in 1985 and is headquartered in Boston, MA.