Gotham Asset Management LLC Has $1.20 Million Position in PTC Inc. (NASDAQ:PTC)

Gotham Asset Management LLC grew its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,529 shares of the technology company's stock after purchasing an additional 2,407 shares during the quarter. Gotham Asset Management LLC's holdings in PTC were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank Pictet & Cie Europe AG grew its stake in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after buying an additional 55 shares during the last quarter. Wahed Invest LLC increased its position in PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after acquiring an additional 61 shares during the period. Allworth Financial LP increased its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares during the period. Otter Creek Advisors LLC increased its position in PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after acquiring an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC increased its position in PTC by 3.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock worth $542,000 after acquiring an additional 91 shares during the period. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

NASDAQ:PTC traded down $4.11 on Wednesday, reaching $169.13. The stock had a trading volume of 709,924 shares, compared to its average volume of 874,285. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $20.29 billion, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The stock has a fifty day moving average price of $155.32 and a 200-day moving average price of $173.85.

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, beating analysts' consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. PTC's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PTC. Mizuho decreased their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Thursday, May 1st. Piper Sandler decreased their price target 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. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $187.15.

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 transaction, the executive vice president now directly owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 622 shares of PTC 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 completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade represents a 7.56% 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.

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.