Vanguard Group Inc. boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,332,180 shares of the technology company's stock after acquiring an additional 39,688 shares during the period. Vanguard Group Inc. owned 11.95% of PTC worth $2,220,771,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new position in PTC in the 1st quarter worth approximately $26,000. Motco purchased a new position in PTC in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in PTC in the 1st quarter worth approximately $33,000. Pinney & Scofield Inc. purchased a new stake in shares of PTC in the 4th quarter valued at $47,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of PTC in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 95.14% of the company's stock.
PTC Trading Up 0.6%
NASDAQ:PTC traded up $1.26 during midday trading on Tuesday, reaching $204.55. 628,640 shares of the stock traded hands, compared to its average volume of 1,036,177. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock has a market capitalization of $24.50 billion, a P/E ratio of 48.24, a PEG ratio of 2.16 and a beta of 1.17. The company has a fifty day moving average of $187.04 and a 200 day moving average of $170.82.
PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a net margin of 20.74% and a return on equity of 17.09%. The business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the business earned $0.98 EPS. The company's revenue for the quarter was up 24.2% on a year-over-year basis. On average, research analysts predict that PTC Inc. will post 4.46 EPS for the current year.
Insider Buying and Selling
In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% 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. Company insiders own 0.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of PTC from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, July 29th. BMO Capital Markets upped their price objective on shares of PTC from $187.00 to $231.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of PTC from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Robert W. Baird upped their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.14.
View Our Latest Research Report on PTC
About PTC
(
Free Report)
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.
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