PTC Inc. (NASDAQ:PTC) is Daventry Group LP's 4th Largest Position

Daventry Group LP grew its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,344 shares of the technology company's stock after buying an additional 4,988 shares during the quarter. PTC accounts for approximately 12.0% of Daventry Group LP's holdings, making the stock its 4th largest position. Daventry Group LP owned approximately 0.14% of PTC worth $31,321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PTC. Bank Pictet & Cie Europe AG lifted its holdings in PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after purchasing an additional 55 shares in the last quarter. Wahed Invest LLC increased its stake in PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after buying an additional 61 shares in the last quarter. Wedmont Private Capital increased its stake in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after buying an additional 64 shares in the last quarter. Allworth Financial LP raised its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the period. Finally, Otter Creek Advisors LLC lifted its position in shares of PTC by 0.4% in the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock valued at $3,527,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.32% of the company's stock.

Analyst Ratings Changes

PTC has been the topic of several recent analyst reports. Piper Sandler decreased their target price on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets raised their target price on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $187.15.

PTC Stock Performance

NASDAQ PTC opened at $158.72 on Wednesday. The business's 50 day moving average price is $153.39 and its 200-day moving average price is $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 market cap of $19.04 billion, a P/E ratio of 48.99, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC - Get Free Report) last announced 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. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.

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