PTC Inc. (NASDAQ:PTC) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in PTC Inc. by 13.6% in the 1st quarter, owning approximately 0.66% of the company worth $121.76 million.
• Several hedge funds actively adjusted their stakes in PTC, with T. Rowe Price Investment Management increasing its stake by 11.4%, now owning shares valued at over $3.17 billion.
• A recent report indicated that PTC surpassed earnings expectations, reporting $1.64 EPS and a revenue of $643.94 million, which was 24.2% higher than the previous year.

Deutsche Bank AG boosted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 13.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 785,786 shares of the technology company's stock after buying an additional 93,788 shares during the period. Deutsche Bank AG owned approximately 0.66% of PTC worth $121,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew 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 last quarter. Pictet Asset Management Holding SA grew its stake in PTC by 41.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock valued at $445,687,000 after purchasing an additional 844,418 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PTC by 13,184.0% in the first quarter. GAMMA Investing LLC now owns 345,384 shares of the technology company's stock worth $53,517,000 after buying an additional 342,784 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of PTC in the fourth quarter worth about $59,506,000. Finally, Janus Henderson Group PLC boosted its stake in shares of PTC by 1,753.2% in the fourth quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock worth $54,909,000 after buying an additional 282,513 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares of the company's stock, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on PTC shares. Stifel Nicolaus upped their target price on PTC from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. BMO Capital Markets upped their target price on PTC from $187.00 to $231.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Piper Sandler upped their target price on PTC from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Royal Bank Of Canada upped their target price on PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $202.14.

PTC Stock Performance

NASDAQ PTC opened at $205.42 on Friday. The stock has a market capitalization of $24.61 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 2.18 and a beta of 1.17. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $185.58 and a 200 day moving average of $170.61.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. Sell-side analysts anticipate that PTC Inc. will post 4.46 EPS 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.

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