PTC Inc. (NASDAQ:PTC) Shares Acquired by Robeco Schweiz AG

Robeco Schweiz AG raised its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 667,276 shares of the technology company's stock after buying an additional 89,199 shares during the period. PTC makes up about 2.5% of Robeco Schweiz AG's investment portfolio, making the stock its 5th largest holding. Robeco Schweiz AG owned approximately 0.55% of PTC worth $103,394,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PTC. T. Rowe Price Investment Management Inc. raised its stake in PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares during the period. Norges Bank acquired a new stake in PTC during the 4th quarter valued at $128,852,000. GAMMA Investing LLC raised its stake in PTC by 13,184.0% during the 1st quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock valued at $53,517,000 after purchasing an additional 342,784 shares during the period. Point72 Asset Management L.P. acquired a new stake in PTC during the 4th quarter valued at $59,506,000. Finally, Janus Henderson Group PLC raised its stake in PTC by 1,753.2% during the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock valued at $54,909,000 after purchasing an additional 282,513 shares during the period. Institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PTC shares. KeyCorp reissued an "overweight" rating and set a $192.00 target price (up from $185.00) on shares of PTC in a research note on Monday. Stifel Nicolaus dropped their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Piper Sandler dropped their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. 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 research note on Thursday, May 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price target on shares of PTC in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of "Hold" and an average price target of $189.23.

PTC Stock Down 7.5%

PTC stock opened at $194.59 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.99. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $213.14. The company has a 50-day moving average of $170.59 and a two-hundred day moving average of $168.06. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $1.46 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president directly owned 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

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.

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