PTC Inc. (NASDAQ:PTC) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 231,935 shares of the technology company's stock after acquiring an additional 46,885 shares during the period. BNP Paribas Financial Markets owned about 0.19% of PTC worth $42,646,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PTC. Aster Capital Management DIFC Ltd bought a new position in PTC in the fourth quarter worth approximately $30,000. Allworth Financial LP raised its position in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of PTC during the 4th quarter worth $51,000. Assetmark Inc. boosted its position in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in PTC in the fourth quarter valued at about $77,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the business'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 directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. The trade was a 10.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

PTC Stock Performance

NASDAQ PTC traded down $1.80 on Friday, reaching $162.94. 481,403 shares of the company's stock traded hands, compared to its average volume of 873,522. The stock has a 50 day moving average price of $153.52 and a 200-day moving average price of $174.54. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 50.29, 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 quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced 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. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. During the same period last year, the business earned $1.46 earnings per share. PTC's quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Mizuho lowered their target price 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 cut their price target 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. Robert W. Baird raised their price objective on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets upped their target price on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.

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.