Stephens Investment Management Group LLC Grows Stock Holdings in PTC Inc. (NASDAQ:PTC)

Stephens Investment Management Group LLC increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 387,214 shares of the technology company's stock after buying an additional 7,687 shares during the quarter. Stephens Investment Management Group LLC owned about 0.32% of PTC worth $59,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock valued at $84,000 after purchasing an additional 422 shares during the period. Assetmark Inc. lifted its position in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the period. Atria Investments Inc lifted its position in PTC by 10.5% in the fourth quarter. Atria Investments Inc now owns 2,714 shares of the technology company's stock valued at $499,000 after purchasing an additional 259 shares during the period. Proficio Capital Partners LLC acquired a new stake in PTC in the fourth quarter valued at about $8,858,000. Finally, PNC Financial Services Group Inc. lifted its position in PTC by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,799 shares of the technology company's stock valued at $1,802,000 after purchasing an additional 559 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PTC. BMO Capital Markets raised their price objective 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 restated an "overweight" rating and issued a $192.00 price objective (up previously from $185.00) on shares of PTC in a research report on Monday, July 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Barclays lifted their price target on shares of PTC from $175.00 to $203.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Robert W. Baird lifted their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $192.92.

PTC Price Performance

Shares of PTC stock traded up $1.97 during trading on Wednesday, hitting $194.19. 910,621 shares of the company were exchanged, compared to its average volume of 933,990. 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 Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $213.14. The stock has a market capitalization of $23.29 billion, a price-to-earnings ratio of 53.35, a P/E/G ratio of 2.62 and a beta of 1.17. The firm has a 50 day moving average price of $172.52 and a 200 day moving average price of $168.06.

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 (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 15.35% and a net margin of 18.77%. The firm had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same period in the previous year, the firm posted $1.46 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 completion of the transaction, the executive vice president directly owned 17,731 shares in the company, valued at $2,836,960. The trade was a 10.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

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.