PTC Inc. (NASDAQ:PTC) Position Boosted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 1,648.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,657 shares of the technology company's stock after buying an additional 25,132 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in PTC were worth $4,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its position in PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after buying an additional 9,893 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of PTC in the fourth quarter valued at about $1,113,000. Proficio Capital Partners LLC purchased a new stake in PTC during the 4th quarter valued at approximately $8,858,000. Avantax Advisory Services Inc. bought a new position in shares of PTC during the 4th quarter valued at about $223,000. Finally, Jones Financial Companies Lllp grew its holdings in PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock valued at $84,000 after buying an additional 422 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Up 1.5 %

Shares of PTC stock traded up $2.33 during trading hours on Wednesday, hitting $161.05. The company had a trading volume of 649,912 shares, compared to its average volume of 869,971. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. 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 company has a market cap of $19.32 billion, a P/E ratio of 49.71, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company's 50-day moving average is $153.34 and its two-hundred day moving average is $174.87.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. The business 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 company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PTC shares. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Thursday, May 1st. Piper Sandler reduced their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Oppenheimer lowered their price target on shares of PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Stifel Nicolaus dropped their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $187.15.

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.