Vanguard Group Inc. Purchases 240,080 Shares of PTC Inc. (NASDAQ:PTC)

Vanguard Group Inc. lifted its position in PTC Inc. (NASDAQ:PTC) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,292,492 shares of the technology company’s stock after acquiring an additional 240,080 shares during the period. Vanguard Group Inc. owned about 0.12% of PTC worth $2,627,961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in PTC in the 4th quarter valued at approximately $146,712,000. Fernbridge Capital Management LP boosted its position in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in PTC in the 3rd quarter worth about $84,549,000. JPMorgan Chase & Co. raised its position in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after buying an additional 135,677 shares during the last quarter. Finally, State Street Corp lifted its stake in PTC by 2.7% during the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

PTC Price Performance

NASDAQ PTC opened at $162.80 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12 month low of $151.80 and a 12 month high of $203.09. The stock has a market cap of $19.59 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 2.27 and a beta of 1.22. The company’s 50 day moving average is $171.50 and its two-hundred day moving average is $181.24.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Finally, Citigroup cut their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Company 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.