Exchange Traded Concepts LLC boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 21.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 84,339 shares of the technology company's stock after purchasing an additional 15,028 shares during the period. Exchange Traded Concepts LLC owned approximately 0.07% of PTC worth $13,068,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in PTC during the fourth quarter worth about $30,000. Allworth Financial LP lifted its stake in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in PTC in the 4th quarter worth approximately $47,000. Kapitalo Investimentos Ltda acquired a new position in shares of PTC during the 4th quarter worth approximately $51,000. Finally, UMB Bank n.a. grew its position in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after purchasing an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.
Wall Street Analyst Weigh In
PTC has been the topic of a number of recent research reports. Mizuho lowered their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Barclays cut their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Robert W. Baird raised their price target on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price objective on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $188.69.
Get Our Latest Report on PTC
PTC Trading Down 0.6%
Shares of NASDAQ PTC traded down $0.96 on Wednesday, reaching $166.57. 728,172 shares of the company traded hands, compared to its average volume of 1,005,289. The stock has a market capitalization of $19.98 billion, a PE ratio of 45.76, a P/E/G ratio of 2.36 and a beta of 1.18. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $161.49 and a 200 day moving average of $170.45.
PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 15.35% and a net margin of 18.77%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. On average, equities research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Insider Buying and Selling
In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company's stock.
PTC Company Profile
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Free Report)
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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