PTC Inc. (NASDAQ:PTC) Stake Raised by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,939 shares of the technology company's stock after acquiring an additional 6,641 shares during the period. California State Teachers Retirement System owned about 0.17% of PTC worth $37,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in PTC during the 4th quarter worth $30,000. Allworth Financial LP grew its stake in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the last quarter. Pinney & Scofield Inc. bought a new position in PTC during the 4th quarter worth $47,000. Kapitalo Investimentos Ltda bought a new position in PTC during the 4th quarter worth $51,000. Finally, Assetmark Inc. grew its stake in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PTC. Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. BMO Capital Markets upped their price objective on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays reduced their price target on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Mizuho reduced their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.15.

PTC Price Performance

Shares of PTC stock traded down $1.57 during trading on Monday, hitting $166.75. The stock had a trading volume of 749,481 shares, compared to its average volume of 880,374. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The firm has a market cap of $20.00 billion, a P/E ratio of 51.47, a PEG ratio of 2.27 and a beta of 1.19. 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 business has a fifty day moving average of $156.85 and a two-hundred day moving average of $172.26.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating 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 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 prior year, the business posted $1.46 earnings per share. PTC's revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 622 shares of the 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 completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

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.