ProShare Advisors LLC Acquires 2,198 Shares of PTC Inc. (NASDAQ:PTC)

ProShare Advisors LLC boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,011 shares of the technology company's stock after purchasing an additional 2,198 shares during the period. ProShare Advisors LLC's holdings in PTC were worth $4,783,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its holdings in PTC by 5.0% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of PTC in the 4th quarter valued at about $8,858,000. Avantax Advisory Services Inc. acquired a new stake in PTC in the 4th quarter valued at about $223,000. Jones Financial Companies Lllp lifted its stake in PTC by 1,140.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock valued at $84,000 after purchasing an additional 422 shares during the last quarter. Finally, Choreo LLC acquired a new stake in PTC during the fourth quarter worth approximately $364,000. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction 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 transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

PTC has been the subject of several analyst reports. Stifel Nicolaus dropped their price objective on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Mizuho lowered their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets upped their price target on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Barclays lowered their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average price target of $187.15.

PTC Stock Down 0.9%

Shares of NASDAQ PTC traded down $1.60 during trading on Friday, hitting $168.77. 692,218 shares of the company traded hands, compared to its average volume of 878,994. The business's fifty day moving average is $156.00 and its 200 day moving average is $173.27. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 52.09, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data 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 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter last year, the business posted $1.46 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.