Janus Henderson Group PLC Purchases 282,513 Shares of PTC Inc. (NASDAQ:PTC)

Janus Henderson Group PLC increased its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1,753.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 298,627 shares of the technology company's stock after acquiring an additional 282,513 shares during the quarter. Janus Henderson Group PLC owned approximately 0.25% of PTC worth $54,909,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of PTC by 11.4% during the fourth 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. Raymond James Financial Inc. purchased a new position in PTC during the fourth quarter worth about $146,712,000. Norges Bank acquired a new stake in PTC in the 4th quarter worth about $128,852,000. Commerce Bank grew its holdings in PTC by 557.8% in the 4th quarter. Commerce Bank now owns 311,841 shares of the technology company's stock valued at $57,338,000 after buying an additional 264,437 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of PTC by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after acquiring an additional 240,080 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the business's 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 transaction, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

PTC Stock Down 0.3%

Shares of PTC stock traded down $0.59 during midday trading on Monday, reaching $172.32. 100,512 shares of the company's stock traded hands, compared to its average volume of 873,572. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company's 50 day simple moving average is $154.62 and its 200 day simple moving average is $173.94. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. 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 issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 earnings per share. Equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Barclays decreased their price target on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Mizuho dropped their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.