Phoenix Financial Ltd. purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,377 shares of the technology company's stock, valued at approximately $214,000.
Several other hedge funds have also recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC acquired a new stake in PTC in the 1st quarter valued at about $26,000. Aster Capital Management DIFC Ltd acquired a new stake in PTC in the 4th quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the 1st quarter valued at about $33,000. UMB Bank n.a. raised its holdings in PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares during the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in PTC in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 95.14% of the company's stock.
Insider Buying and Selling
In other PTC 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 value of $318,080.00. Following the completion of the transaction, the executive vice president owned 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on PTC. Wells Fargo & Company reiterated an "overweight" rating on shares of PTC in a report on Tuesday. 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. UBS Group reissued a "buy" rating on shares of PTC in a research note on Tuesday. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday. Finally, KeyCorp reissued an "overweight" rating and issued a $192.00 price target (up previously from $185.00) on shares of PTC in a research note on Monday, July 7th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.79.
Check Out Our Latest Stock Analysis on PTC
PTC Stock Down 0.6%
PTC stock traded down $1.15 during mid-day trading on Wednesday, reaching $203.05. 216,881 shares of the company's stock were exchanged, compared to its average volume of 1,068,305. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $213.14. The company has a market cap of $24.35 billion, a P/E ratio of 55.82, a P/E/G ratio of 2.78 and a beta of 1.17. The company has a fifty day moving average of $178.85 and a 200-day moving average of $169.25.
PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a net margin of 18.77% and a return on equity of 15.35%. The company had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. During the same quarter last year, the company posted $1.46 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current year.
PTC Company Profile
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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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