Charles Schwab Investment Management Inc. Purchases 43,072 Shares of PTC Inc. (NASDAQ:PTC)

Charles Schwab Investment Management Inc. lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 865,034 shares of the technology company's stock after buying an additional 43,072 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of PTC worth $134,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTC. T. Rowe Price Investment Management Inc. grew its position in shares of PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after buying an additional 1,773,653 shares during the period. Pictet Asset Management Holding SA grew its position in shares of PTC by 41.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company's stock worth $445,687,000 after buying an additional 844,418 shares during the period. GAMMA Investing LLC grew its position in shares of PTC by 13,184.0% in the 1st 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 period. Point72 Asset Management L.P. purchased a new stake in PTC during the 4th quarter valued at about $59,506,000. Finally, Janus Henderson Group PLC grew its position in PTC by 1,753.2% during the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock valued at $54,909,000 after purchasing an additional 282,513 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of NASDAQ:PTC traded down $0.16 during trading on Thursday, hitting $208.22. The company's stock had a trading volume of 481,343 shares, compared to its average volume of 1,072,782. The company has a 50-day moving average of $187.84 and a 200-day moving average of $171.08. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 2.17 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The company had revenue of $643.94 million for the quarter, compared to analysts' expectations of $582.12 million. During the same quarter last year, the business earned $0.98 EPS. The firm's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current 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 that occurred on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTC. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. KeyCorp reissued an "overweight" rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Robert W. Baird increased their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, July 29th. Finally, BMO Capital Markets raised their price target on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.

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.