Czech National Bank Acquires 1,589 Shares of PTC Inc. (NASDAQ:PTC)

Czech National Bank boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,636 shares of the technology company's stock after buying an additional 1,589 shares during the period. Czech National Bank's holdings in PTC were worth $4,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in PTC during the 4th quarter worth about $30,000. Allworth Financial LP raised its holdings 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 period. Pinney & Scofield Inc. acquired a new stake in PTC during the 4th quarter worth about $47,000. Kapitalo Investimentos Ltda acquired a new stake in PTC during the 4th quarter worth about $51,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in PTC by 42.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the technology company's stock worth $60,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Up 1.5%

NASDAQ:PTC traded up $2.53 during mid-day trading on Friday, reaching $170.34. The stock had a trading volume of 545,511 shares, compared to its average volume of 878,016. The business's 50 day moving average is $157.82 and its 200 day moving average is $171.93. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The stock has a market cap of $20.43 billion, a P/E ratio of 52.57, a PEG ratio of 2.27 and a beta of 1.18. 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 announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now directly owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on PTC shares. Stifel Nicolaus cut their price objective on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird upped their target price on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $160.00 target price (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Finally, Mizuho dropped their target price on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.