13,942 Shares in PTC Inc. (NASDAQ:PTC) Bought by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,942 shares of the technology company's stock, valued at approximately $2,564,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich raised its holdings in PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares in the last quarter. Proficio Capital Partners LLC bought a new position in PTC in the fourth quarter worth $8,858,000. Avantax Advisory Services Inc. bought a new position in PTC in the fourth quarter worth $223,000. Jones Financial Companies Lllp raised its holdings in PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after purchasing an additional 422 shares in the last quarter. Finally, Choreo LLC bought a new position in PTC in the fourth quarter worth $364,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insiders Place Their Bets

In other PTC 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 value of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president now directly owns 17,731 shares in the company, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

PTC Price Performance

NASDAQ PTC opened at $172.91 on Friday. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The stock has a 50-day moving average of $154.62 and a 200 day moving average of $174.02. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC - Get Free Report) last released 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. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same period last year, the company earned $1.46 EPS. PTC's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Mizuho decreased their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Citigroup reduced 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, BMO Capital Markets raised their price target on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PTC 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.

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