Worldquant Millennium Advisors LLC Raises Position in PTC Inc. (NASDAQ:PTC)

Worldquant Millennium Advisors LLC raised its position in PTC Inc. (NASDAQ:PTC - Free Report) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,672 shares of the technology company's stock after acquiring an additional 22,445 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.11% of PTC worth $25,130,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PTC. Willis Johnson & Associates Inc. acquired a new position in PTC in the fourth quarter valued at $381,000. Sone Capital Management LLC purchased a new stake in shares of PTC in the 4th quarter valued at about $7,772,000. Squarepoint Ops LLC lifted its holdings in shares of PTC by 42.9% in the 4th quarter. Squarepoint Ops LLC now owns 23,472 shares of the technology company's stock valued at $4,316,000 after purchasing an additional 7,047 shares during the last quarter. Twinbeech Capital LP purchased a new stake in shares of PTC in the 4th quarter valued at about $4,478,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of PTC by 240.4% in the 4th quarter. Two Sigma Advisers LP now owns 37,100 shares of the technology company's stock valued at $6,822,000 after purchasing an additional 26,200 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

PTC traded down $1.60 during trading on Friday, reaching $168.77. The company's stock had a trading volume of 692,218 shares, compared to its average volume of 877,680. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company's fifty day moving average price is $156.00 and its 200-day moving average price is $173.56. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 52.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. PTC's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. Robert W. Baird increased their price target on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Mizuho decreased their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen cut shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, BMO Capital Markets upped their target price on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $187.15.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president now directly owns 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Corinna Lathan sold 622 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

PTC Company 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.