Edgestream Partners L.P. Has $2.66 Million Holdings in PTC Inc. (NASDAQ:PTC)

Edgestream Partners L.P. lifted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 287.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,139 shares of the technology company's stock after buying an additional 12,718 shares during the quarter. Edgestream Partners L.P.'s holdings in PTC were worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PTC. Wahed Invest LLC raised its stake in PTC by 2.1% during the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock valued at $539,000 after purchasing an additional 61 shares during the last quarter. D.A. Davidson & CO. raised its stake in PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after purchasing an additional 70 shares during the last quarter. Portside Wealth Group LLC raised its stake in PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock valued at $514,000 after purchasing an additional 78 shares during the last quarter. Strategic Advisors LLC raised its stake in PTC by 1.1% during the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock valued at $1,198,000 after purchasing an additional 83 shares during the last quarter. Finally, Steph & Co. increased its holdings in PTC by 6.7% in the 1st quarter. Steph & Co. now owns 1,347 shares of the technology company's stock valued at $209,000 after buying an additional 84 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other PTC 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 transaction of $318,080.00. Following the completion of the transaction, the executive vice president directly owned 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company's stock.

PTC Trading Up 1.3%

Shares of NASDAQ:PTC traded up $2.61 during mid-day trading on Friday, reaching $199.61. The stock had a trading volume of 880,146 shares, compared to its average volume of 936,051. The firm has a market cap of $23.94 billion, a PE ratio of 54.84, a price-to-earnings-growth ratio of 2.72 and a beta of 1.17. The firm has a 50 day simple moving average of $174.56 and a two-hundred day simple moving average of $168.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $213.14.

PTC (NASDAQ:PTC - Get Free Report) last posted 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 business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a return on equity of 15.35% and a net margin of 18.77%. PTC's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. On average, research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PTC shares. Barclays boosted their price target on shares of PTC from $175.00 to $203.00 and gave the company an "overweight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price target (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Robert W. Baird boosted their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets upped their target price on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a 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 on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.92.

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.