Squarepoint Ops LLC Raises Position in PTC Inc. (NASDAQ:PTC)

Squarepoint Ops LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,472 shares of the technology company's stock after acquiring an additional 7,047 shares during the period. Squarepoint Ops LLC's holdings in PTC were worth $4,316,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after buying an additional 9,893 shares during the period. Proficio Capital Partners LLC purchased a new stake in PTC in the 4th quarter valued at about $8,858,000. Avantax Advisory Services Inc. bought a new position in shares of PTC during the 4th quarter worth $223,000. Jones Financial Companies Lllp lifted its stake in shares of PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after purchasing an additional 422 shares during the last quarter. Finally, Choreo LLC purchased a new stake in PTC in the fourth quarter valued at about $364,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insiders Place Their Bets

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 value of $318,080.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The shares were 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. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

PTC Trading Up 0.4%

Shares of PTC traded up $0.62 during trading hours on Thursday, reaching $168.00. The stock had a trading volume of 354,094 shares, compared to its average volume of 877,274. The company has a market cap of $20.15 billion, a P/E ratio of 51.83, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The firm has a 50-day moving average of $156.53 and a 200 day 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.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data 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 for 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%. The company's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on PTC. Mizuho cut their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets upped their price target on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. KeyCorp reduced their price target on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler reduced their target price on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.

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.