Axa S.A. Acquires 52,535 Shares of PTC Inc. (NASDAQ:PTC)

AXA S.A. raised its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 322,768 shares of the technology company's stock after buying an additional 52,535 shares during the period. AXA S.A. owned approximately 0.27% of PTC worth $59,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the fourth quarter worth $30,000. Allworth Financial LP lifted its stake in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in PTC during the fourth quarter valued at about $51,000. Assetmark Inc. boosted its holdings in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of PTC in the fourth quarter worth approximately $77,000. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PTC shares. Robert W. Baird increased their target price on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Oppenheimer decreased their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays dropped their target price on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Mizuho decreased their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.

PTC Price Performance

Shares of NASDAQ:PTC traded up $2.33 during trading on Wednesday, reaching $161.05. The stock had a trading volume of 649,912 shares, compared to its average volume of 869,040. The stock has a market capitalization of $19.32 billion, a PE ratio of 49.71, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The business's 50-day moving average price is $153.39 and its 200 day moving average price is $174.97.

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

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction 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 transaction, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.32% of the company's stock.

About PTC

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.