PTC Inc. (NASDAQ:PTC) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,059 shares of the technology company's stock after buying an additional 17,017 shares during the quarter. Rhumbline Advisers owned about 0.20% of PTC worth $37,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of PTC by 11.4% in the fourth 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 acquiring an additional 1,773,653 shares during the period. Vanguard Group Inc. lifted its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after purchasing an additional 240,080 shares in the last quarter. Geode Capital Management LLC boosted its holdings in PTC by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock valued at $555,626,000 after purchasing an additional 67,504 shares during the period. Fernbridge Capital Management LP grew its position in shares of PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock valued at $278,484,000 after purchasing an additional 85,564 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of PTC by 11.0% during the 4th quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock valued at $241,472,000 after purchasing an additional 129,910 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction 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 accessible through this hyperlink. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was 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 owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

PTC has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Mizuho lowered their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Oppenheimer dropped their price objective on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler cut their target price on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, BMO Capital Markets raised their price target on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $187.15.

PTC Trading Up 1.5%

Shares of NASDAQ:PTC traded up $2.53 during trading on Friday, reaching $170.34. The company's stock had a trading volume of 545,511 shares, compared to its average volume of 874,685. The stock has a market capitalization of $20.43 billion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $157.53 and its two-hundred day simple moving average is $172.06.

PTC (NASDAQ:PTC - Get Free Report) last announced 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. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same quarter last year, the firm earned $1.46 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.