State of Tennessee Department of Treasury Has $4.12 Million Holdings in PTC Inc. (NASDAQ:PTC)

State of Tennessee Department of Treasury lifted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 63.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,412 shares of the technology company's stock after buying an additional 8,671 shares during the period. State of Tennessee Department of Treasury's holdings in PTC were worth $4,121,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in PTC during the 4th quarter valued at $30,000. Allworth Financial LP raised its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. lifted its stake in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in PTC in the fourth quarter valued at approximately $77,000. Finally, Smartleaf Asset Management LLC grew its holdings in PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded up $4.21 during mid-day trading on Thursday, reaching $159.18. The company had a trading volume of 640,080 shares, compared to its average volume of 876,577. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $203.09. The company has a market capitalization of $19.15 billion, a P/E ratio of 49.31, a P/E/G ratio of 2.27 and a beta of 1.17. The stock's 50-day simple moving average is $153.69 and its 200-day simple moving average is $175.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PTC has been the topic of several recent research reports. Oppenheimer cut their price target on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Mizuho cut their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. KeyCorp cut their target price on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Barclays cut their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $189.46.

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.