7,511 Shares in PTC Inc. (NASDAQ:PTC) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,511 shares of the technology company's stock, valued at approximately $1,381,000.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock valued at $203,463,000 after purchasing an additional 30,525 shares during the last quarter. Principal Financial Group Inc. grew its position in PTC by 3.8% in the third quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company's stock worth $26,931,000 after acquiring an additional 5,403 shares in the last quarter. GAMMA Investing LLC increased its stake in PTC by 86.8% in the fourth quarter. GAMMA Investing LLC now owns 2,600 shares of the technology company's stock valued at $478,000 after acquiring an additional 1,208 shares during the last quarter. Everence Capital Management Inc. bought a new stake in PTC during the fourth quarter worth about $474,000. Finally, Nordea Investment Management AB boosted its holdings in shares of PTC by 5.0% in the 4th quarter. Nordea Investment Management AB now owns 10,084 shares of the technology company's stock worth $1,854,000 after purchasing an additional 479 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Mizuho cut their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Barclays reduced their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their price objective on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average price target of $187.15.

PTC Stock Performance

Shares of PTC opened at $161.33 on Tuesday. The company has a 50-day simple moving average of $153.48 and a two-hundred day simple moving average of $175.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $19.41 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. On average, analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.

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