Horizon Financial Services LLC purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,859 shares of the technology company's stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its position in PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares during the period. Raymond James Financial Inc. bought a new position in shares of PTC in the fourth quarter valued at $146,712,000. Norges Bank acquired a new position in shares of PTC during the fourth quarter valued at about $128,852,000. GAMMA Investing LLC increased its position in shares of PTC by 13,184.0% during the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after acquiring an additional 342,784 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of PTC in the 4th quarter worth about $59,506,000. 95.14% of the stock is owned by institutional investors.
PTC Stock Performance
Shares of PTC stock traded up $0.24 during trading on Wednesday, reaching $173.31. 629,197 shares of the company's stock traded hands, compared to its average volume of 892,372. The firm's 50-day moving average is $166.35 and its 200 day moving average is $168.28. The company has a market capitalization of $20.79 billion, a P/E ratio of 47.61, a PEG ratio of 2.36 and a beta of 1.17. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $203.09. 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 (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. PTC had a return on equity of 15.35% and a net margin of 18.77%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same period last year, the company earned $1.46 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that PTC Inc. will post 4.46 EPS for the current year.
Insider Activity at PTC
In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.
Wall Street Analyst Weigh In
PTC has been the subject of a number of analyst reports. Mizuho cut their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen cut PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price target (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. KeyCorp dropped their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, PTC currently has an average rating of "Hold" and a consensus target price of $188.69.
Read Our Latest Research Report on PTC
PTC Company Profile
(
Free Report)
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.
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