GSA Capital Partners LLP Takes Position in PTC Inc. (NASDAQ:PTC)

Key Points

• GSA Capital Partners LLP has acquired a new stake in PTC Inc., purchasing 5,713 shares valued at approximately $885,000.
• PTC reported $1.64 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $1.22, with a year-over-year revenue increase of 24.2%.
• PTC's stock has a current market capitalization of $25.44 billion, with a price-to-earning ratio of 50.03 and an average price target of $202.14 from analysts.

GSA Capital Partners LLP purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,713 shares of the technology company's stock, valued at approximately $885,000.

Other large investors also recently modified their holdings of the company. Wahed Invest LLC increased its holdings in shares of 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 buying an additional 61 shares in the last quarter. D.A. Davidson & CO. grew its position in PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock worth $582,000 after acquiring an additional 70 shares during the last quarter. Portside Wealth Group LLC increased its holdings in PTC by 2.4% in the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company's stock worth $514,000 after purchasing an additional 78 shares in the last quarter. Strategic Advisors LLC increased its holdings in PTC by 1.1% in the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company's stock worth $1,198,000 after purchasing an additional 83 shares in the last quarter. Finally, Dynasty Wealth Management LLC raised its position in PTC by 5.8% in the first quarter. Dynasty Wealth Management LLC now owns 1,525 shares of the technology company's stock valued at $236,000 after purchasing an additional 83 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Down 1.3%

PTC stock traded down $2.70 during trading hours on Friday, reaching $212.11. 1,598,374 shares of the company's stock were exchanged, compared to its average volume of 1,626,973. The firm's 50 day simple moving average is $181.28 and its 200 day simple moving average is $169.78. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.44 billion, a PE ratio of 50.03, a PEG ratio of 2.58 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PTC shares. Wall Street Zen cut PTC from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Oppenheimer lifted their target price on shares of PTC from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price target on shares of PTC and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Mizuho cut their price target on shares of 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 eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $202.14.

Insider Activity 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 value of $318,080.00. Following the completion of the sale, the executive vice president directly owned 17,731 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

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.