PTC Inc. (NASDAQ:PTC) Stake Raised by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,257 shares of the technology company's stock after acquiring an additional 4,963 shares during the period. Toronto Dominion Bank owned approximately 0.05% of PTC worth $11,815,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of PTC by 8.5% in the 4th quarter. Fifth Third Bancorp now owns 2,861 shares of the technology company's stock valued at $526,000 after purchasing an additional 223 shares in the last quarter. Blue Trust Inc. increased its stake in PTC by 44.3% in the 4th quarter. Blue Trust Inc. now owns 1,143 shares of the technology company's stock valued at $206,000 after purchasing an additional 351 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in PTC in the 4th quarter valued at approximately $451,000. Pacer Advisors Inc. increased its stake in PTC by 70.7% in the 4th quarter. Pacer Advisors Inc. now owns 33,203 shares of the technology company's stock valued at $6,105,000 after purchasing an additional 13,751 shares in the last quarter. Finally, BSW Wealth Partners increased its position in shares of PTC by 7.0% in the fourth quarter. BSW Wealth Partners now owns 1,953 shares of the technology company's stock valued at $359,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred 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. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 now directly owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PTC. Oppenheimer dropped their price target on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Robert W. Baird raised their price objective on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets lifted their price objective on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays dropped their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average target price of $187.15.

PTC Stock Up 0.1%

NASDAQ:PTC traded up $0.16 on Friday, reaching $168.09. The stock had a trading volume of 1,902,224 shares, compared to its average volume of 883,689. The stock has a market cap of $20.16 billion, a P/E ratio of 51.88, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $156.76 and a 200 day moving average of $172.70. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same period in the prior year, the firm posted $1.46 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.