Teacher Retirement System of Texas Buys 16,469 Shares of PTC Inc. (NASDAQ:PTC)

Teacher Retirement System of Texas boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 1,465.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,593 shares of the technology company's stock after acquiring an additional 16,469 shares during the quarter. Teacher Retirement System of Texas' holdings in PTC were worth $2,726,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in PTC by 1,140.5% in the 4th 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 last quarter. Assetmark Inc. raised its stake in PTC by 825.0% in the 4th 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 last quarter. Atria Investments Inc raised its stake in PTC by 10.5% in the 4th 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 last quarter. Proficio Capital Partners LLC acquired a new position in PTC in the 4th quarter valued at about $8,858,000. Finally, PNC Financial Services Group Inc. raised its stake in PTC by 6.0% in the 4th 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 last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Performance

NASDAQ PTC traded down $15.88 during trading on Thursday, reaching $194.59. The company's stock had a trading volume of 7,017,807 shares, compared to its average volume of 927,682. The firm has a 50 day moving average price of $169.82 and a 200 day moving average price of $168.00. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $213.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the previous year, the company posted $1.46 EPS. The business's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PTC. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Stifel Nicolaus lowered their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. BMO Capital Markets increased 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. Mizuho dropped their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Robert W. Baird increased their target price on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $189.23.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on 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 directly owned 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by 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.