Healthcare of Ontario Pension Plan Trust Fund Invests $476,000 in PTC Inc. (NASDAQ:PTC)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in PTC Inc. (NASDAQ:PTC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,521 shares of the technology company’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. HB Wealth Management LLC acquired a new position in shares of PTC in the fourth quarter worth about $252,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of PTC in the fourth quarter worth about $643,000. Bellecapital International Ltd. acquired a new position in shares of PTC in the fourth quarter worth about $426,000. Cigna Investments Inc. New acquired a new position in shares of PTC in the fourth quarter worth about $218,000. Finally, Ballentine Partners LLC lifted its stake in shares of PTC by 786.0% in the fourth quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company’s stock worth $2,683,000 after acquiring an additional 13,605 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PTC. Mizuho restated a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Barclays upped their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. Robert W. Baird upped their price objective on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Citigroup cut their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.73.

Insider Transactions at PTC

In other news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the sale, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The disclosure for this sale can be found here. Insiders sold a total of 15,846 shares of company stock valued at $2,854,951 in the last three months. 1.17% of the stock is currently owned by corporate insiders.

PTC Stock Performance

Shares of NASDAQ PTC opened at $173.87 on Friday. The stock has a fifty day moving average price of $178.48 and a two-hundred day moving average price of $179.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $20.81 billion, a P/E ratio of 72.75, a PEG ratio of 3.24 and a beta of 1.18. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. The firm had revenue of $603.07 million during the quarter, compared to analyst estimates of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. Research analysts forecast that PTC Inc. will post 3.48 EPS for the current fiscal year.

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.