Two Sigma Advisers LP Grows Position in PTC Inc. (NASDAQ:PTC)

Two Sigma Advisers LP raised its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 240.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 37,100 shares of the technology company's stock after purchasing an additional 26,200 shares during the period. Two Sigma Advisers LP's holdings in PTC were worth $6,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock valued at $39,212,000 after purchasing an additional 9,893 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PTC in the fourth quarter worth $8,858,000. Avantax Advisory Services Inc. purchased a new position in shares of PTC in the 4th quarter worth about $223,000. Jones Financial Companies Lllp increased its holdings in PTC by 1,140.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after buying an additional 422 shares during the last quarter. Finally, Choreo LLC purchased a new stake in PTC during the fourth quarter worth about $364,000. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

NASDAQ:PTC traded up $2.60 during mid-day trading on Tuesday, hitting $171.37. 891,732 shares of the stock traded hands, compared to its average volume of 879,045. The business's 50-day moving average price is $156.15 and its 200 day moving average price is $173.10. 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 company has a market cap of $20.56 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. 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 announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. On average, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now directly owns 17,731 shares in the company, valued at $2,836,960. The trade was 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.

Analyst Ratings Changes

PTC has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus dropped their price objective on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird raised 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. KeyCorp lowered their target price on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $187.15.

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.