8,814 Shares in PTC Inc. (NASDAQ:PTC) Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors acquired 8,814 shares of PTC Inc., valued at approximately $1,366,000, indicating growing institutional interest in the company.
• Several notable institutions have significantly increased their positions in PTC, including T. Rowe Price, which boosted its stake by 11.4% during the fourth quarter, now holding over 17 million shares.
• PTC's most recent earnings report showed an EPS of $1.64, exceeding analyst estimates by $0.42, and revenue increased by 24.2% compared to the previous year.

Arkadios Wealth Advisors purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,814 shares of the technology company's stock, valued at approximately $1,366,000.

Several other hedge funds and other institutional investors have also modified their holdings of PTC. Wahed Invest LLC boosted its holdings in shares of PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock valued at $539,000 after buying an additional 61 shares in the last quarter. D.A. Davidson & CO. lifted its position in PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after acquiring an additional 70 shares during the last quarter. Portside Wealth Group LLC boosted its stake in PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock valued at $514,000 after acquiring an additional 78 shares in the last quarter. Strategic Advisors LLC lifted its holdings in shares of PTC by 1.1% in the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock valued at $1,198,000 after purchasing an additional 83 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in PTC by 5.8% during the 1st quarter. Dynasty Wealth Management LLC now owns 1,525 shares of the technology company's stock worth $236,000 after buying an additional 83 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PTC

In related news, 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

PTC Stock Performance

NASDAQ PTC traded down $2.70 on Friday, hitting $212.11. 1,598,374 shares of the company's stock were exchanged, compared to its average volume of 1,626,973. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 50.03, a P/E/G ratio of 2.58 and a beta of 1.17. The firm's 50-day moving average price is $181.28 and its two-hundred day moving average price is $169.78. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%. PTC's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday. Mizuho lowered their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler boosted their price target on PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $202.14.

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.