PTC Inc. (NASDAQ:PTC) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 287.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,139 shares of the technology company's stock after purchasing 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 (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PTC. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 worth $3,174,432,000 after acquiring an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PTC by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after buying an additional 240,080 shares during the period. Geode Capital Management LLC increased its stake in shares of PTC by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock worth $555,626,000 after buying an additional 67,504 shares during the period. Fernbridge Capital Management LP increased its stake in shares of PTC by 6.0% in the fourth quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after buying an additional 85,564 shares during the period. Finally, Northern Trust Corp increased its stake in shares of PTC by 11.0% in the fourth quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock worth $241,472,000 after buying an additional 129,910 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Performance

Shares of NASDAQ PTC traded up $2.61 during midday trading on Friday, hitting $199.61. 880,146 shares of the company's stock traded hands, compared to its average volume of 936,051. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $213.14. The stock has a market capitalization of $23.94 billion, a price-to-earnings ratio of 54.84, a price-to-earnings-growth 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 firm has a fifty day moving average of $174.56 and a 200 day moving average of $168.34.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same period in the prior year, the firm posted $1.46 EPS. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on PTC. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Stifel Nicolaus reduced their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Piper Sandler reduced their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, KeyCorp reissued an "overweight" rating and set a $192.00 price objective (up from $185.00) on shares of PTC in a research report on Monday, July 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PTC currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.92.

PTC Company 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.