PTC Inc. (NASDAQ:PTC) Shares Acquired by Two Star Manager LLC

Two Star Manager LLC increased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 132.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,464 shares of the technology company's stock after acquiring an additional 27,084 shares during the period. PTC makes up about 4.1% of Two Star Manager LLC's investment portfolio, making the stock its 13th biggest position. Two Star Manager LLC's holdings in PTC were worth $8,727,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the 4th quarter worth about $30,000. Allworth Financial LP raised its position in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in PTC during the fourth quarter worth approximately $51,000. Assetmark Inc. increased its stake in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PTC during the 4th quarter valued at about $77,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Down 1.0%

PTC stock traded down $1.65 during midday trading on Friday, hitting $168.73. 199,901 shares of the stock were exchanged, compared to its average volume of 874,625. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50 day moving average price of $155.82 and a two-hundred day moving average price of $173.71. The firm has a market cap of $20.24 billion, a P/E ratio of 52.07, 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.

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 business had revenue of $636.37 million for the quarter, compared to analysts' expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. KeyCorp dropped their price target on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Barclays cut their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, BMO Capital Markets boosted their target price on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.15.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares of the company's stock, 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. Corporate insiders own 0.32% of the company's stock.

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.