2,243 Shares in PTC Inc. (NASDAQ:PTC) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,243 shares of the technology company's stock, valued at approximately $412,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in PTC during the 4th quarter worth $30,000. Allworth Financial LP grew its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the period. Kapitalo Investimentos Ltda bought a new stake in PTC during the 4th quarter valued at $51,000. Assetmark Inc. raised its stake in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of PTC in the fourth quarter valued at about $77,000. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

NASDAQ:PTC traded down $4.11 during trading hours on Wednesday, hitting $169.13. 709,924 shares of the company's stock traded hands, compared to its average volume of 875,798. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The business's fifty day simple moving average is $155.32 and its two-hundred day simple moving average is $173.85. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market cap of $20.29 billion, a P/E ratio of 52.20, a P/E/G ratio of 2.27 and a beta of 1.19.

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

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Oppenheimer reduced their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. BMO Capital Markets upped 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. KeyCorp cut their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays lowered their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and an average target price of $187.15.

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.