LBP AM SA decreased its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,890 shares of the technology company's stock after selling 3,325 shares during the period. LBP AM SA owned 0.07% of PTC worth $13,154,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its stake in shares of PTC by 11.4% during 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 acquiring an additional 1,773,653 shares during the last quarter. Norges Bank acquired a new position in PTC during the fourth quarter worth approximately $128,852,000. GAMMA Investing LLC increased its position in 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 purchasing an additional 342,784 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in PTC during the fourth quarter worth approximately $59,506,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of PTC by 1,753.2% in the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock valued at $54,909,000 after purchasing an additional 282,513 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
Insider Buying and Selling at PTC
In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 completion of the sale, the executive vice president owned 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.32% of the company's stock.
PTC Stock Up 17.6%
PTC stock traded up $31.57 during trading on Wednesday, reaching $210.47. The stock had a trading volume of 4,171,618 shares, compared to its average volume of 908,201. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $216.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $25.25 billion, a P/E ratio of 57.82, a PEG ratio of 2.39 and a beta of 1.17. The firm has a fifty day moving average price of $168.71 and a 200 day moving average price of $167.70.
PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.77% and a return on equity of 15.35%. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the previous year, the business posted $1.46 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a 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 report on Thursday, May 1st. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Oppenheimer reissued a "cautious" rating on shares of PTC in a research report on Thursday, June 12th. Finally, BMO Capital Markets increased their target price on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $189.23.
Check Out Our Latest Stock Report on PTC
About PTC
(
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.
Read More
Before you consider PTC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PTC wasn't on the list.
While PTC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
