Aquatic Capital Management LLC Buys Shares of 16,101 PTC Inc. (NASDAQ:PTC)

Aquatic Capital Management LLC purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,101 shares of the technology company's stock, valued at approximately $2,960,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PTC. Franklin Resources Inc. boosted its holdings in shares of PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock worth $203,463,000 after purchasing an additional 30,525 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of PTC in the third quarter valued at $3,113,000. Principal Financial Group Inc. lifted its stake in PTC by 3.8% during the 3rd 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. JPMorgan Chase & Co. increased its stake in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after buying an additional 135,677 shares during the period. Finally, GAMMA Investing LLC raised its position in PTC by 86.8% in the 4th quarter. GAMMA Investing LLC now owns 2,600 shares of the technology company's stock valued at $478,000 after purchasing an additional 1,208 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PTC shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. BMO Capital Markets decreased their price target on PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Citigroup reduced their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Mizuho reduced their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Robert W. Baird lifted their price objective on PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.38.

PTC Trading Up 0.9 %

Shares of PTC stock traded up $1.32 on Wednesday, reaching $154.97. 1,403,815 shares of the stock were exchanged, compared to its average volume of 877,156. The firm has a 50 day moving average of $153.82 and a two-hundred day moving average of $175.89. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.65 billion, a P/E ratio of 47.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC 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.