PTC Inc. (NASDAQ:PTC) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,379 shares of the technology company's stock after purchasing an additional 35,928 shares during the quarter. Two Sigma Investments LP owned about 0.13% of PTC worth $29,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PTC. Park Avenue Securities LLC lifted its stake in PTC by 29.3% during the 4th quarter. Park Avenue Securities LLC now owns 1,975 shares of the technology company's stock worth $363,000 after acquiring an additional 448 shares in the last quarter. HB Wealth Management LLC lifted its stake in PTC by 9.8% during the 4th quarter. HB Wealth Management LLC now owns 2,165 shares of the technology company's stock worth $398,000 after acquiring an additional 194 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in PTC by 40.9% during the 4th quarter. Diversify Wealth Management LLC now owns 4,606 shares of the technology company's stock worth $840,000 after acquiring an additional 1,337 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in PTC by 8.2% during the 4th quarter. Simon Quick Advisors LLC now owns 1,494 shares of the technology company's stock worth $275,000 after acquiring an additional 113 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in PTC by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,972 shares of the technology company's stock valued at $4,592,000 after purchasing an additional 285 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 transaction, the executive vice president now owns 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred 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 owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of analyst reports. KeyCorp reduced their price target on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus reduced their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Mizuho reduced 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. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Piper Sandler reduced their price target on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $187.15.

PTC Stock Performance

NASDAQ:PTC traded down $1.60 during mid-day trading on Friday, reaching $168.77. 692,218 shares of the stock were exchanged, compared to its average volume of 877,680. The stock has a market capitalization of $20.24 billion, a P/E ratio of 52.09, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $203.09. The company has a 50 day simple moving average of $156.00 and a 200-day simple moving average of $173.56. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

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, topping the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal 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.