Fiduciary Alliance LLC Purchases Shares of 3,425 PTC Inc. (NASDAQ:PTC)

Fiduciary Alliance LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,425 shares of the technology company's stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of PTC in the 4th quarter worth $30,000. Allworth Financial LP grew its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of PTC during the 4th quarter valued at $47,000. Kapitalo Investimentos Ltda bought a new position in shares of PTC during the 4th quarter valued at $51,000. Finally, Assetmark Inc. grew its holdings in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the transaction, the executive vice president now directly owns 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PTC has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Piper Sandler reduced their target price on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Mizuho reduced their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays reduced their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.15.

PTC Trading Down 0.2%

PTC traded down $0.36 during trading on Thursday, hitting $167.81. 635,720 shares of the stock traded hands, compared to its average volume of 876,152. The firm has a 50-day moving average of $157.28 and a 200 day moving average of $172.21. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $20.13 billion, a P/E ratio of 51.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results 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 firm had revenue of $636.37 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. Equities research analysts anticipate that PTC Inc. will post 4.46 EPS 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.