Peregrine Capital Management LLC Acquires 3,621 Shares of PTC Inc. (NASDAQ:PTC)

Peregrine Capital Management LLC boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 3.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 114,704 shares of the technology company's stock after buying an additional 3,621 shares during the period. Peregrine Capital Management LLC owned 0.10% of PTC worth $17,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in PTC by 16.5% in the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after purchasing an additional 473 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of PTC in the fourth quarter worth about $8,858,000. Avantax Advisory Services Inc. bought a new position in PTC during the fourth quarter valued at approximately $223,000. Finally, Jones Financial Companies Lllp grew its holdings in PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock valued at $84,000 after buying an additional 422 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction 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 in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PTC shares. Oppenheimer reiterated a "cautious" rating on shares of PTC in a research report on Thursday, June 12th. Barclays lowered their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Robert W. Baird increased their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Thursday, May 1st. One equities 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 company. Based on data from MarketBeat, PTC presently has an average rating of "Hold" and a consensus price target of $188.69.

PTC Trading Up 0.4%

PTC stock traded up $0.73 during mid-day trading on Tuesday, hitting $173.07. The company's stock had a trading volume of 1,271,130 shares, compared to its average volume of 893,425. The stock has a market cap of $20.76 billion, a PE ratio of 47.55, a P/E/G ratio of 2.36 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average of $165.77 and a 200-day moving average of $168.25.

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 the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million for 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

PTC Company 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.