Apollon Wealth Management LLC Buys New Shares in PTC Inc. (NASDAQ:PTC)

Apollon Wealth Management LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,404 shares of the technology company's stock, valued at approximately $218,000.

A number of other hedge funds also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in PTC during the fourth quarter worth $30,000. Bartlett & CO. Wealth Management LLC bought a new stake in PTC in the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in PTC in the 4th quarter valued at about $47,000. Kapitalo Investimentos Ltda bought a new stake in shares of PTC during the 4th quarter valued at $51,000. Finally, UMB Bank n.a. grew its holdings in PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after buying an additional 178 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Price Performance

Shares of PTC traded up $2.45 during trading hours on Friday, hitting $204.51. The stock had a trading volume of 550,807 shares, compared to its average volume of 1,518,628. The company's fifty day moving average is $177.60 and its two-hundred day moving average is $169.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.99. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $213.14. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 56.18, a P/E/G ratio of 2.75 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its 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 net margin of 18.77% and a return on equity of 15.35%. The company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same period in the prior year, the business earned $1.46 earnings per share. PTC's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president owned 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PTC shares. Mizuho decreased their target price on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Barclays boosted their price target on shares of PTC from $175.00 to $203.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. BMO Capital Markets boosted their price target on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and an average target price of $194.08.

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.