Siemens Fonds Invest GmbH Increases Stock Position in PTC Inc. (NASDAQ:PTC)

Siemens Fonds Invest GmbH grew its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 3,885.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,701 shares of the technology company's stock after purchasing an additional 68,927 shares during the period. Siemens Fonds Invest GmbH owned approximately 0.06% of PTC worth $12,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its stake in PTC by 11.4% in 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 buying an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. grew its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after buying an additional 240,080 shares in the last quarter. Geode Capital Management LLC grew its stake in PTC by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock worth $555,626,000 after buying an additional 67,504 shares in the last quarter. Fernbridge Capital Management LP grew its stake in PTC by 6.0% in the 4th quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after buying an additional 85,564 shares in the last quarter. Finally, Northern Trust Corp grew its stake in PTC by 11.0% in the 4th quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock worth $241,472,000 after buying an additional 129,910 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PTC shares. 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 research note on Wednesday, April 16th. Piper Sandler lowered their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $187.15.

PTC Trading Down 2.3%

NASDAQ PTC traded down $3.99 during trading on Wednesday, hitting $167.38. The company had a trading volume of 817,947 shares, compared to its average volume of 879,286. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 51.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company's fifty day moving average is $156.53 and its 200-day moving average is $173.05.

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, topping the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. PTC's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,182,650.12. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

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.