Sheaff Brock Investment Advisors LLC Takes $372,000 Position in PTC Inc. (NASDAQ:PTC)

Key Points

• Sheaff Brock Investment Advisors LLC has acquired a new stake in PTC Inc., purchasing 2,400 shares valued at approximately $372,000.
• The company's stock is currently trading at $204.00, with a market capitalization of $24.47 billion and a twelve-month price range of $133.38 to $213.14.
• PTC reported earnings of $1.79 per share, exceeding analysts' expectations, along with a revenue of $636.37 million for the last quarter, which represents a 5.5% increase year-over-year.

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,400 shares of the technology company's stock, valued at approximately $372,000.

Several other institutional investors have also modified their holdings of the business. First National Advisers LLC lifted its holdings in shares of PTC by 65.8% during the 1st quarter. First National Advisers LLC now owns 13,956 shares of the technology company's stock valued at $2,162,000 after purchasing an additional 5,541 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PTC by 12.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,525 shares of the technology company's stock valued at $28,747,000 after acquiring an additional 20,241 shares in the last quarter. Motco bought a new stake in PTC in the 1st quarter valued at approximately $29,000. HB Wealth Management LLC lifted its stake in PTC by 8.3% in the 1st quarter. HB Wealth Management LLC now owns 2,344 shares of the technology company's stock valued at $363,000 after acquiring an additional 179 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in PTC by 5.8% in the 1st quarter. TD Asset Management Inc now owns 542,468 shares of the technology company's stock valued at $84,055,000 after acquiring an additional 29,955 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 0.2%

NASDAQ:PTC opened at $204.00 on Tuesday. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $213.14. The stock's 50 day moving average price is $178.24 and its two-hundred day moving average price is $169.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The business had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 15.35% and a net margin of 18.77%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 EPS. Equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PTC. BMO Capital Markets boosted their target price on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Oppenheimer boosted their target price on PTC from $210.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday. Stifel Nicolaus cut their target price 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 target price (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Finally, Mizuho cut their target price on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.08.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business'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 transaction of $318,080.00. Following the transaction, the executive vice president directly owned 17,731 shares of the company's stock, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.

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.

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