IFM Investors Pty Ltd Grows Stock Position in PTC Inc. (NASDAQ:PTC)

IFM Investors Pty Ltd lifted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,963 shares of the technology company's stock after purchasing an additional 1,468 shares during the period. IFM Investors Pty Ltd's holdings in PTC were worth $4,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Calamos Advisors LLC boosted its holdings in PTC by 1.1% in the first quarter. Calamos Advisors LLC now owns 64,961 shares of the technology company's stock worth $10,066,000 after acquiring an additional 723 shares in the last quarter. Leeward Investments LLC MA lifted its holdings in shares of PTC by 15.1% in the first quarter. Leeward Investments LLC MA now owns 73,030 shares of the technology company's stock valued at $11,316,000 after purchasing an additional 9,563 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after purchasing an additional 70 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of PTC by 1,465.2% in the first quarter. Teacher Retirement System of Texas now owns 17,593 shares of the technology company's stock valued at $2,726,000 after purchasing an additional 16,469 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in shares of PTC during the first quarter valued at approximately $288,000. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

NASDAQ:PTC traded down $1.16 during trading hours on Monday, hitting $174.82. 711,781 shares of the company's stock traded hands, compared to its average volume of 894,125. The firm has a market cap of $20.97 billion, a P/E ratio of 48.03, a P/E/G ratio of 2.41 and a beta of 1.17. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The business's fifty day simple moving average is $167.75 and its two-hundred day simple moving average is $167.71. 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 (NASDAQ:PTC - Get Free Report) last posted 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. PTC had a return on equity of 15.35% and a net margin of 18.77%. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter last year, the company earned $1.46 earnings per share. The firm's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The stock was 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 owned 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on PTC. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Thursday, May 1st. Piper Sandler decreased their target price on PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their target price on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Mizuho cut their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $192.00 price target (up from $185.00) on shares of PTC in a report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, PTC has a consensus rating of "Hold" and a consensus price target of $189.23.

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.