Cwm LLC Buys 2,476 Shares of PTC Inc. (NASDAQ:PTC)

Cwm LLC boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,800 shares of the technology company's stock after acquiring an additional 2,476 shares during the period. Cwm LLC's holdings in PTC were worth $1,828,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake in PTC by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after acquiring an additional 1,773,653 shares in the last quarter. Norges Bank purchased a new position in PTC in the 4th quarter worth approximately $128,852,000. GAMMA Investing LLC grew its stake in PTC by 13,184.0% in the 1st quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after buying an additional 342,784 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in PTC in the 4th quarter worth approximately $59,506,000. Finally, Janus Henderson Group PLC grew its stake in PTC by 1,753.2% in the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock worth $54,909,000 after buying an additional 282,513 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Performance

Shares of PTC stock opened at $199.61 on Friday. The company has a market capitalization of $23.94 billion, a PE ratio of 54.84, a P/E/G ratio of 2.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $174.56 and a two-hundred day simple moving average of $168.34. PTC Inc. has a one year low of $133.38 and a one year high of $213.14.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a net margin of 18.77% and a return on equity of 15.35%. The firm had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company'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 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on PTC shares. Piper Sandler decreased their price objective 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. Oppenheimer increased their price target on shares of PTC from $190.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday. Mizuho decreased their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus decreased their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, BMO Capital Markets increased their price target on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Six 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.92.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company's stock.

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.

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