PTC Inc. (NASDAQ:PTC) Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 129.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,341 shares of the technology company's stock after acquiring an additional 4,145 shares during the quarter. Machina Capital S.A.S.'s holdings in PTC were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. bought a new stake in PTC in the fourth quarter worth $223,000. Commonwealth Equity Services LLC grew its holdings in shares of PTC by 16.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,632 shares of the technology company's stock worth $668,000 after purchasing an additional 523 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of PTC in the fourth quarter worth about $207,000. LPL Financial LLC grew its holdings in PTC by 14.6% during the 4th quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock worth $3,294,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in PTC by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,089 shares of the technology company's stock worth $568,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp reissued an "overweight" rating and set a $192.00 price target (up from $185.00) on shares of PTC in a research report on Monday, July 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $160.00 price objective (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research report on Thursday, May 1st. Oppenheimer increased their price target on shares of PTC from $210.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday. Finally, BMO Capital Markets increased 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. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $194.08.

PTC Trading Up 1.2%

PTC traded up $2.45 on Friday, hitting $204.51. The company had a trading volume of 550,807 shares, compared to its average volume of 1,518,628. The firm has a market cap of $24.53 billion, a P/E ratio of 56.18, a PEG ratio of 2.75 and a beta of 1.17. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $213.14. The company's fifty day moving average price is $176.97 and its 200 day moving average price is $168.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. PTC's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. As a group, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president directly owned 17,731 shares in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company's stock.

About PTC

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.