Toronto Dominion Bank Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

Toronto Dominion Bank raised its stake in 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 institutional investor owned 64,257 shares of the technology company's stock after buying an additional 4,963 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of PTC worth $11,815,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PTC. North Star Asset Management Inc. grew its position in PTC by 0.6% in the fourth quarter. North Star Asset Management Inc. now owns 145,274 shares of the technology company's stock worth $26,712,000 after acquiring an additional 859 shares during the period. Pinney & Scofield Inc. purchased a new position in shares of PTC during the 4th quarter worth $47,000. Vise Technologies Inc. purchased a new position in shares of PTC during the 4th quarter worth $234,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of PTC by 9.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,190,154 shares of the technology company's stock worth $218,834,000 after purchasing an additional 107,667 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in shares of PTC during the 4th quarter worth $14,965,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the business's 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 completion of the sale, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the business's 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 sale, the executive vice president now owns 17,731 shares of the company's stock, valued at $2,836,960. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PTC shares. KeyCorp lowered their target price on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $160.00 price objective (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Piper Sandler lowered their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. 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. Finally, Barclays lowered their price target 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.

PTC Stock Down 0.9%

NASDAQ:PTC traded down $1.57 during midday trading on Monday, reaching $166.75. The company had a trading volume of 749,481 shares, compared to its average volume of 880,374. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 51.47, a PEG ratio of 2.27 and a beta of 1.19. The stock's fifty day simple moving average is $156.85 and its 200-day simple moving average is $172.26. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. During the same quarter last year, the business posted $1.46 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.