D1 Capital Partners L.P. Purchases 121,171 Shares of PTC Inc. (NASDAQ:PTC)

D1 Capital Partners L.P. lifted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 589,171 shares of the technology company's stock after purchasing an additional 121,171 shares during the period. PTC accounts for about 1.8% of D1 Capital Partners L.P.'s holdings, making the stock its 21st biggest position. D1 Capital Partners L.P. owned approximately 0.49% of PTC worth $108,331,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock valued at $39,212,000 after purchasing an additional 9,893 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 135,677 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of PTC in the 4th quarter worth approximately $1,113,000. Proficio Capital Partners LLC purchased a new position in PTC in the fourth quarter valued at approximately $8,858,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of PTC in the fourth quarter worth $223,000. 95.14% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated 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 in the company, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PTC shares. JPMorgan Chase & Co. reaffirmed 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. KeyCorp cut their price target on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays cut their price target on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Mizuho cut their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $190.38.

PTC Price Performance

NASDAQ PTC traded up $0.82 during trading hours on Tuesday, reaching $152.65. 294,506 shares of the stock traded hands, compared to its average volume of 874,216. PTC Inc. has a 1 year low of $133.38 and a 1 year 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 stock has a 50 day simple moving average of $154.06 and a two-hundred day simple moving average of $176.04. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

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

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.