Toronto Dominion Bank Boosts Stock Position in PTC Inc. (NASDAQ:PTC)

Toronto Dominion Bank lifted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 64,257 shares of the technology company's stock after acquiring an additional 4,963 shares during the quarter. Toronto Dominion Bank owned 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 made changes to their positions in the business. Select Equity Group L.P. raised its holdings in PTC by 21.1% during the 4th quarter. Select Equity Group L.P. now owns 961,582 shares of the technology company's stock valued at $176,806,000 after buying an additional 167,417 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in PTC by 3,885.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 70,701 shares of the technology company's stock valued at $12,047,000 after buying an additional 68,927 shares during the last quarter. Sherbrooke Park Advisers LLC raised its holdings in PTC by 13.6% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,270 shares of the technology company's stock valued at $969,000 after buying an additional 632 shares during the last quarter. Royal Bank of Canada raised its holdings in PTC by 91.3% during the 4th quarter. Royal Bank of Canada now owns 158,098 shares of the technology company's stock valued at $29,070,000 after buying an additional 75,441 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in PTC during the 4th quarter valued at $412,000. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

PTC traded down $1.60 during midday trading on Friday, hitting $168.77. 692,218 shares of the company traded hands, compared to its average volume of 877,680. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $20.24 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company's 50-day moving average is $156.00 and its 200 day moving average is $173.56. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09.

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, topping the consensus estimate 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 analysts' expectations of $608.64 million. During the same quarter in the prior year, the business earned $1.46 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the firm'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 sale, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm'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 in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PTC. Mizuho decreased their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Tuesday. Citigroup decreased their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Barclays decreased their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus target price 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.