Strategic Advisors LLC increased its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,020 shares of the technology company’s stock after purchasing an additional 1,136 shares during the quarter. Strategic Advisors LLC’s holdings in PTC were worth $900,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Ieq Capital LLC acquired a new stake in PTC during the 4th quarter worth about $239,000. Flputnam Investment Management Co. acquired a new position in shares of PTC in the 4th quarter valued at about $1,004,000. Yousif Capital Management LLC increased its holdings in shares of PTC by 51.9% in the 4th quarter. Yousif Capital Management LLC now owns 22,411 shares of the technology company’s stock valued at $2,690,000 after purchasing an additional 7,659 shares during the period. PDT Partners LLC acquired a new position in shares of PTC in the 4th quarter valued at about $2,112,000. Finally, New York Life Investment Management LLC increased its holdings in shares of PTC by 2.5% in the 4th quarter. New York Life Investment Management LLC now owns 15,408 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 91.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on PTC. Mizuho boosted their target price on shares of PTC from $165.00 to $170.00 in a research report on Wednesday, May 17th. Barclays boosted their price objective on shares of PTC from $152.00 to $163.00 in a research note on Friday. VNET Group reiterated a “maintains” rating on shares of PTC in a research note on Thursday, April 27th. Citigroup cut their target price on shares of PTC from $147.00 to $140.00 in a research note on Monday, April 24th. Finally, BMO Capital Markets started coverage on shares of PTC in a research note on Wednesday, May 24th. They set an “outperform” rating and a $166.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.92.
Insider Activity
In related news, COO Michael Ditullio sold 2,000 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $122.79, for a total value of $245,580.00. Following the sale, the chief operating officer now directly owns 61,250 shares in the company, valued at approximately $7,520,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Michael Ditullio sold 2,000 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $122.79, for a total value of $245,580.00. Following the sale, the chief operating officer now directly owns 61,250 shares in the company, valued at approximately $7,520,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blake D. Moret sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $126.47, for a total transaction of $2,529,400.00. Following the sale, the director now owns 6,894,534 shares in the company, valued at $871,951,714.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 343,912 shares of company stock valued at $44,348,835. 8.26% of the stock is currently owned by insiders.
PTC Price Performance
NASDAQ:PTC traded down $0.42 during mid-day trading on Friday, reaching $145.05. 170,298 shares of the company were exchanged, compared to its average volume of 731,310. PTC Inc. has a 12 month low of $100.94 and a 12 month high of $146.02. The company has a fifty day moving average of $136.91 and a 200 day moving average of $130.14. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.76. The stock has a market cap of $17.17 billion, a PE ratio of 54.69, a PEG ratio of 3.11 and a beta of 1.18.
PTC (NASDAQ:PTC – Get Free Report) last issued its earnings results on Wednesday, April 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. The company had revenue of $542.18 million for the quarter, compared to analyst estimates of $538.40 million. PTC had a net margin of 15.96% and a return on equity of 15.62%. On average, research analysts anticipate that PTC Inc. will post 3.07 EPS for the current fiscal year.
About PTC
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.