PTC Inc. (NASDAQ:PTC) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 279.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,728 shares of the technology company's stock after buying an additional 7,902 shares during the quarter. Quantinno Capital Management LP's holdings in PTC were worth $1,973,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of PTC by 11.4% during the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in PTC during the fourth quarter worth approximately $146,712,000. Norges Bank purchased a new stake in PTC in the 4th quarter worth approximately $128,852,000. Janus Henderson Group PLC raised its holdings in PTC by 1,753.2% in the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock valued at $54,909,000 after acquiring an additional 282,513 shares during the last quarter. Finally, Commerce Bank raised its holdings in PTC by 557.8% in the 4th quarter. Commerce Bank now owns 311,841 shares of the technology company's stock valued at $57,338,000 after acquiring an additional 264,437 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company'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 owns 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company's stock, 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. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PTC. Oppenheimer decreased their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Stifel Nicolaus decreased their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. Finally, BMO Capital Markets raised their target price on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average price target of $187.15.

PTC Trading Up 0.8%

PTC traded up $1.41 on Tuesday, reaching $170.18. 124,973 shares of the company's stock were exchanged, compared to its average volume of 876,078. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The company's 50 day moving average is $156.15 and its 200-day moving average is $173.10. 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 has a market cap of $20.41 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 2.27 and a beta of 1.19.

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. PTC had a net margin of 16.95% and a return on equity of 14.49%. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.