111 Capital Makes New Investment in PTC Inc. (NASDAQ:PTC)

111 Capital purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,729 shares of the technology company's stock, valued at approximately $686,000.

A number of other hedge funds also recently made changes to their positions in PTC. Fifth Third Bancorp boosted its stake in shares of PTC by 8.5% in the 4th quarter. Fifth Third Bancorp now owns 2,861 shares of the technology company's stock valued at $526,000 after purchasing an additional 223 shares in the last quarter. Blue Trust Inc. raised its holdings in PTC by 44.3% in the 4th quarter. Blue Trust Inc. now owns 1,143 shares of the technology company's stock valued at $206,000 after buying an additional 351 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in PTC in the 4th quarter valued at approximately $451,000. Pacer Advisors Inc. raised its holdings in PTC by 70.7% in the 4th quarter. Pacer Advisors Inc. now owns 33,203 shares of the technology company's stock valued at $6,105,000 after buying an additional 13,751 shares during the last quarter. Finally, BSW Wealth Partners raised its holdings in PTC by 7.0% in the 4th quarter. BSW Wealth Partners now owns 1,953 shares of the technology company's stock valued at $359,000 after buying an additional 128 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the firm's 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 $1,182,650.12. This trade represents a 7.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now directly owns 17,731 shares of the company's stock, 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. Insiders own 0.32% of the company's stock.

PTC Trading Up 0.1%

Shares of PTC stock traded up $0.16 during trading hours on Friday, hitting $168.09. 1,902,224 shares of the company were exchanged, compared to its average volume of 883,689. The firm has a market cap of $20.16 billion, a P/E ratio of 51.88, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50 day simple moving average of $156.76 and a two-hundred day simple moving average of $172.70.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on PTC shares. BMO Capital Markets raised their price objective on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $160.00 price objective (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Mizuho lowered their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays lowered their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird raised their price target on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $187.15.

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.