Ascent Group LLC Purchases 1,560 Shares of PTC Inc. (NASDAQ:PTC)

Ascent Group LLC boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,295 shares of the technology company's stock after acquiring an additional 1,560 shares during the quarter. Ascent Group LLC's holdings in PTC were worth $2,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the 4th quarter worth about $30,000. Allworth Financial LP increased its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the period. Pinney & Scofield Inc. purchased a new stake in PTC in the 4th quarter valued at approximately $47,000. Kapitalo Investimentos Ltda purchased a new stake in PTC in the 4th quarter valued at approximately $51,000. Finally, Assetmark Inc. boosted its holdings in PTC by 825.0% in 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 in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of NASDAQ:PTC traded up $0.55 on Thursday, hitting $167.93. 625,994 shares of the company were exchanged, compared to its average volume of 878,276. 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's 50 day moving average price is $156.53 and its two-hundred day moving average price is $173.05. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 51.83, a PEG ratio of 2.27 and a beta of 1.19.

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

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,182,650.12. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Analyst Ratings Changes

PTC has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Oppenheimer reduced their price target on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Robert W. Baird upped their price objective on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Finally, Piper Sandler lowered their price target on PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Six equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus 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.