California State Teachers Retirement System Increases Stock Position in PTC Inc. (NASDAQ:PTC)

California State Teachers Retirement System raised its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,939 shares of the technology company's stock after purchasing an additional 6,641 shares during the period. California State Teachers Retirement System owned about 0.17% of PTC worth $37,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after purchasing an additional 1,773,653 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PTC in the fourth quarter valued at $146,712,000. Norges Bank acquired a new stake in PTC in the fourth quarter valued at $128,852,000. Point72 Asset Management L.P. purchased a new stake in PTC during the 4th quarter worth about $59,506,000. Finally, Janus Henderson Group PLC boosted its position in shares of PTC by 1,753.2% during the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock worth $54,909,000 after acquiring an additional 282,513 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the transaction, the executive vice president now directly owns 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 SEC, which is available at the SEC website. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 7,604 shares in the company, valued at $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. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

PTC has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Mizuho lowered their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. BMO Capital Markets boosted their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Piper Sandler lowered their target price on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $187.15.

PTC Stock Performance

Shares of PTC traded up $0.16 during mid-day trading on Friday, reaching $168.09. 1,902,224 shares of the company's stock were exchanged, compared to its average volume of 883,689. The business's fifty day simple moving average is $156.76 and its 200-day simple moving average is $172.70. The stock has a market capitalization of $20.16 billion, a PE ratio of 51.88, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52-week low of $133.38 and a 52-week 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.

PTC (NASDAQ:PTC - Get Free Report) last issued 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 firm had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. During the same quarter in the prior year, the business earned $1.46 EPS. PTC's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share 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.