PTC Inc. (NASDAQ:PTC) Shares Bought by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC raised its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,308 shares of the technology company's stock after buying an additional 2,400 shares during the period. PTC accounts for about 7.2% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 2nd largest holding. Silverberg Bernstein Capital Management LLC's holdings in PTC were worth $7,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of PTC by 44.3% during the 4th quarter. Blue Trust Inc. now owns 1,143 shares of the technology company's stock worth $206,000 after purchasing an additional 351 shares during the last quarter. Greenleaf Trust acquired a new position in shares of PTC during the 4th quarter worth about $214,000. Alliance Wealth Advisors LLC UT boosted its holdings in shares of PTC by 3.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 7,056 shares of the technology company's stock worth $1,297,000 after buying an additional 237 shares during the period. Trust Point Inc. bought a new stake in shares of PTC during the 4th quarter worth about $416,000. Finally, Longboard Asset Management LP bought a new stake in shares of PTC during the 4th quarter worth about $201,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now directly owns 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 622 shares of the 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 sale, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

PTC Price Performance

PTC stock traded up $2.53 during trading on Friday, reaching $170.34. 545,511 shares of the company were exchanged, compared to its average volume of 876,136. The company has a 50-day moving average of $157.82 and a two-hundred day moving average of $171.93. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 2.27 and a beta of 1.18. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. As a group, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTC. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Oppenheimer reduced their target price on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Mizuho reduced their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price objective (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Finally, Barclays cut their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to 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.