PTC Inc. (NASDAQ:PTC) Stock Position Raised by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 1,753.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 298,627 shares of the technology company's stock after purchasing an additional 282,513 shares during the period. Janus Henderson Group PLC owned approximately 0.25% of PTC worth $54,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG grew its position in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after purchasing an additional 55 shares during the last quarter. Wahed Invest LLC grew its position 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 purchasing an additional 61 shares during the last quarter. Wedmont Private Capital grew its position 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 purchasing an additional 64 shares during the last quarter. Allworth Financial LP grew its position 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 purchasing an additional 69 shares during the last quarter. Finally, Otter Creek Advisors LLC grew its position in PTC by 0.4% in the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Trading Up 0.3%

Shares of NASDAQ:PTC opened at $170.96 on Wednesday. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 2.27 and a beta of 1.19. PTC Inc. has a 1-year low of $133.38 and a 1-year 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. The company has a 50 day moving average price of $153.91 and a 200 day moving average price of $174.33.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The firm 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on PTC shares. Mizuho decreased their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $160.00 price objective (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Barclays lowered their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, KeyCorp lowered their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, PTC has an average rating of "Moderate Buy" and an average target price of $187.15.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares of the company's stock, 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 owned by insiders.

PTC 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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