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

Two Sigma Investments LP boosted its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 28.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 160,379 shares of the technology company's stock after purchasing an additional 35,928 shares during the period. Two Sigma Investments LP owned approximately 0.13% of PTC worth $29,489,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after purchasing an additional 1,773,653 shares during the period. Raymond James Financial Inc. acquired a new position in PTC during the fourth quarter worth $146,712,000. Norges Bank purchased a new position in PTC in the fourth quarter worth $128,852,000. Point72 Asset Management L.P. purchased a new position in PTC in the fourth quarter worth $59,506,000. Finally, Janus Henderson Group PLC lifted its holdings in PTC by 1,753.2% in the fourth quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock valued at $54,909,000 after acquiring an additional 282,513 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Mizuho decreased their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. KeyCorp reduced their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Finally, Oppenheimer cut their price target on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $187.15.

PTC Trading Down 0.9%

NASDAQ:PTC traded down $1.60 on Monday, reaching $168.77. The stock had a trading volume of 692,218 shares, compared to its average volume of 878,994. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 52.09, a P/E/G ratio of 2.27 and a beta of 1.19. The firm's fifty day moving average is $156.00 and its two-hundred day moving average is $173.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This trade represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

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.