Leeward Investments LLC MA Acquires 9,563 Shares of PTC Inc. (NASDAQ:PTC)

Leeward Investments LLC MA grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 15.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,030 shares of the technology company's stock after purchasing an additional 9,563 shares during the quarter. Leeward Investments LLC MA owned about 0.06% of PTC worth $11,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new position in PTC during the 1st quarter worth approximately $26,000. Aster Capital Management DIFC Ltd acquired a new stake in PTC in the fourth quarter worth $30,000. UMB Bank n.a. boosted its position in shares of PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after purchasing an additional 178 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in shares of PTC in the 4th quarter valued at $47,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of PTC in the 4th quarter valued at $51,000. 95.14% of the stock is currently owned by institutional investors.

PTC Price Performance

Shares of PTC opened at $175.13 on Friday. 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's fifty day simple moving average is $167.33 and its 200 day simple moving average is $168.14. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 2.37 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 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 the consensus estimate of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. On average, research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on PTC. Piper Sandler cut their price objective 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. Barclays decreased their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their target price on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. KeyCorp reduced their price target on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $188.69.

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.

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