111 Capital Acquires New Holdings in PTC Inc. (NASDAQ:PTC)

111 Capital acquired a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,729 shares of the technology company's stock, valued at approximately $686,000.

A number of other large investors have also added to or reduced their stakes in PTC. T. Rowe Price Investment Management Inc. increased its position in shares of PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PTC by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after purchasing an additional 240,080 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PTC by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock valued at $555,626,000 after purchasing an additional 67,504 shares during the last quarter. Fernbridge Capital Management LP increased its position in shares of PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock valued at $278,484,000 after purchasing an additional 85,564 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of PTC by 11.0% during the 4th quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock valued at $241,472,000 after purchasing an additional 129,910 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

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

Analyst Upgrades and Downgrades

PTC has been the topic of several analyst reports. Oppenheimer cut their target price on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. KeyCorp cut their target price on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research report on Thursday, May 1st. Wall Street Zen downgraded PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Piper Sandler dropped their price objective on PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $187.15.

PTC Stock Down 0.9%

Shares of PTC traded down $1.57 during midday trading on Monday, reaching $166.75. 749,481 shares of the stock were exchanged, compared to its average volume of 880,374. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. 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 company's 50 day moving average is $156.85 and its two-hundred day moving average is $172.26. The company has a market capitalization of $20.00 billion, a P/E ratio of 51.47, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same quarter in the prior year, the company earned $1.46 EPS. The business's revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

PTC 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.