PTC Inc. (NASDAQ:PTC) Holdings Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,770 shares of the technology company's stock after acquiring an additional 52,565 shares during the period. Balyasny Asset Management L.P. owned 0.11% of PTC worth $23,677,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PTC. T. Rowe Price Investment Management Inc. increased its position in PTC by 11.4% in 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 last quarter. Vanguard Group Inc. increased its holdings in PTC by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after buying an additional 240,080 shares during the last quarter. Geode Capital Management LLC raised its position in PTC by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock valued at $555,626,000 after acquiring an additional 67,504 shares in the last quarter. Fernbridge Capital Management LP lifted its stake in PTC by 6.0% in the fourth quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock valued at $278,484,000 after acquiring an additional 85,564 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in PTC by 11.0% in the fourth quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock valued at $241,472,000 after acquiring an additional 129,910 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Price Performance

Shares of PTC stock opened at $158.72 on Wednesday. The firm has a fifty day moving average price of $153.39 and a two-hundred day moving average price of $174.97. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. 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 market cap of $19.04 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

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

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PTC shares. Citigroup cut their price target on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Mizuho reduced their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Barclays lowered 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a research report on Thursday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $187.15.

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.

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