California Public Employees Retirement System Purchases 9,656 Shares of PTC Inc. (NASDAQ:PTC)

California Public Employees Retirement System boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,202 shares of the technology company's stock after acquiring an additional 9,656 shares during the period. California Public Employees Retirement System owned 0.58% of PTC worth $120,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PTC. CWM LLC boosted its holdings in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company's stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of PTC by 3.2% in the 3rd quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company's stock valued at $408,000 after purchasing an additional 90 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of PTC by 2.6% during the 3rd quarter. Fiera Capital Corp now owns 3,490 shares of the technology company's stock valued at $494,000 after acquiring an additional 90 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock valued at $31,000 after acquiring an additional 91 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its holdings in shares of PTC by 1.2% during the 3rd quarter. Logan Capital Management Inc. now owns 7,914 shares of the technology company's stock valued at $1,121,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the business's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO James E. Heppelmann sold 35,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders have sold 36,415 shares of company stock worth $6,457,478 in the last 90 days. Insiders own 1.17% of the company's stock.

PTC Stock Up 0.0 %

PTC stock traded up $0.06 during mid-day trading on Wednesday, reaching $180.50. 416,111 shares of the company traded hands, compared to its average volume of 825,105. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The firm's 50 day moving average price is $183.54 and its 200 day moving average price is $169.62. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 91.37, a P/E/G ratio of 3.19 and a beta of 1.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. As a group, equities research analysts predict that PTC Inc. will post 3.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Mizuho lifted their target price on PTC from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. Rosenblatt Securities reaffirmed a "buy" rating and set a $195.00 target price on shares of PTC in a report on Friday, April 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised PTC from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $130.00 to $200.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.73.

PTC Company 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.