Lagoda Investment Management L.P. Has $10.29 Million Position in PTC Inc. (NASDAQ:PTC)

Lagoda Investment Management L.P. decreased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,980 shares of the technology company's stock after selling 3,745 shares during the period. PTC makes up approximately 5.6% of Lagoda Investment Management L.P.'s holdings, making the stock its 6th biggest position. Lagoda Investment Management L.P.'s holdings in PTC were worth $10,293,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's 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 transaction, the executive vice president now directly owns 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, 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. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price target on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Piper Sandler decreased their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. KeyCorp dropped their price target on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average target price of $187.15.

PTC Price Performance

Shares of PTC stock traded up $0.33 on Thursday, reaching $171.80. The company had a trading volume of 668,571 shares, compared to its average volume of 876,701. 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 Inc. has a one year low of $133.38 and a one year high of $203.09. The stock has a market capitalization of $20.61 billion, a PE ratio of 53.02, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The business's 50-day moving average is $154.09 and its 200 day moving average is $174.31.

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, beating analysts' consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the previous year, the company posted $1.46 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that PTC Inc. will post 4.46 EPS 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.