Dimensional Fund Advisors LP Has $90.64 Million Holdings in PTC Inc. (NASDAQ:PTC)

Dimensional Fund Advisors LP increased its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492,967 shares of the technology company's stock after acquiring an additional 18,476 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of PTC worth $90,643,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock worth $203,463,000 after buying an additional 30,525 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of PTC during the 3rd quarter worth $3,113,000. Principal Financial Group Inc. grew its holdings in shares of PTC by 3.8% in 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 during the last quarter. JPMorgan Chase & Co. raised its position in shares of PTC by 33.7% during the third 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 period. Finally, GAMMA Investing LLC raised its position in shares of PTC by 86.8% during the fourth quarter. GAMMA Investing LLC now owns 2,600 shares of the technology company's stock worth $478,000 after purchasing an additional 1,208 shares during the period. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PTC. Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Piper Sandler lowered their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Thursday. Oppenheimer dropped their price target on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, 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. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $187.15.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, 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 legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

PTC Stock Up 2.4 %

NASDAQ PTC traded up $3.75 during trading on Friday, reaching $160.09. The company's stock had a trading volume of 852,238 shares, compared to its average volume of 876,414. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.26 billion, a PE ratio of 49.41, a PEG ratio of 2.27 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The business has a 50-day moving average price of $153.56 and a 200-day moving average price of $175.54.

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

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.