Robeco Institutional Asset Management B.V. Purchases 9,664 Shares of PTC Inc. (NASDAQ:PTC)

Robeco Institutional Asset Management B.V. boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,711 shares of the technology company's stock after purchasing an additional 9,664 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of PTC worth $25,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its holdings in PTC by 11.4% during 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 purchasing an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. increased its holdings in PTC by 1.7% during 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 increased its holdings in PTC by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock worth $555,626,000 after purchasing an additional 67,504 shares in the last quarter. Fernbridge Capital Management LP increased its holdings in PTC by 6.0% during the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after purchasing an additional 85,564 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in PTC by 11.0% during the 4th quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock worth $241,472,000 after purchasing an additional 129,910 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Trading Down 0.1%

Shares of NASDAQ:PTC opened at $169.30 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a market capitalization of $20.31 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a 50-day simple moving average of $165.11 and a 200 day simple moving average of $168.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. PTC's revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction dated Wednesday, May 7th. The shares were 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 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 this hyperlink. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PTC. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Stifel Nicolaus reduced their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Mizuho reduced their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets increased their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $188.69.

PTC 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.

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