1,348 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,348 shares of the technology company's stock, valued at approximately $209,000.

A number of other large investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new stake in PTC in the 1st quarter valued at about $26,000. Aster Capital Management DIFC Ltd bought a new stake in PTC during the fourth quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter worth approximately $33,000. UMB Bank n.a. increased its position in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after acquiring an additional 178 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in shares of PTC in the fourth quarter worth approximately $47,000. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

PTC stock traded up $1.24 on Thursday, hitting $202.60. The company's stock had a trading volume of 411,820 shares, compared to its average volume of 1,079,336. The firm has a market cap of $24.30 billion, a P/E ratio of 55.67, a price-to-earnings-growth ratio of 2.76 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $176.37 and a 200-day moving average price of $168.80. 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 announced its quarterly earnings results 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. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were 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 of the company's stock, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Thursday, May 1st. Mizuho reduced their target price 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. Barclays boosted their price objective on shares of PTC from $175.00 to $203.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Oppenheimer boosted their price objective on shares of PTC from $190.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler dropped their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. 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.