PTC Inc. (NASDAQ:PTC) Shares Bought by Royal Bank of Canada

Royal Bank of Canada grew its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 91.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 158,098 shares of the technology company's stock after purchasing an additional 75,441 shares during the quarter. Royal Bank of Canada owned approximately 0.13% of PTC worth $29,070,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PTC. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter worth $30,000. Allworth Financial LP raised its position in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of PTC in the 4th quarter worth $51,000. Assetmark Inc. raised its position in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of PTC in the 4th quarter worth $77,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.1%

Shares of PTC stock traded down $0.15 during trading hours on Thursday, hitting $167.23. 165,402 shares of the company's stock traded hands, compared to its average volume of 876,490. The stock has a 50 day simple moving average of $156.53 and a 200-day simple moving average of $173.05. 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 company has a market cap of $20.06 billion, a PE ratio of 51.55, a PEG ratio of 2.27 and a beta of 1.19. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.42. The company 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 was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Equities 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 stock in a transaction dated 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 owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Mizuho lowered their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen downgraded PTC from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PTC has an average rating of "Moderate Buy" and a consensus target price of $187.15.

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.