PTC Inc. (NASDAQ:PTC) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691,998 shares of the technology company’s stock after buying an additional 43,416 shares during the quarter. Deutsche Bank AG’s holdings in PTC were worth $127,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. T. Rowe Price Investment Management Inc. increased its stake in shares of PTC by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock worth $3,174,432,000 after buying an additional 1,773,653 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PTC in the 4th quarter valued at $146,712,000. Norges Bank acquired a new stake in shares of PTC in the 4th quarter valued at $128,852,000. Commerce Bank lifted its position in shares of PTC by 557.8% during the 4th quarter. Commerce Bank now owns 311,841 shares of the technology company’s stock worth $57,338,000 after purchasing an additional 264,437 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of PTC by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock worth $2,627,961,000 after purchasing an additional 240,080 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PTC shares. Robert W. Baird lifted their price target on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Oppenheimer cut their price objective on shares of PTC from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Stifel Nicolaus lowered their target price on shares of PTC from $230.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $187.15.

PTC Trading Down 1.1 %

NASDAQ PTC opened at $162.94 on Friday. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The firm has a market cap of $19.54 billion, a PE ratio of 50.29, a P/E/G ratio of 2.27 and a beta of 1.19. The firm’s fifty day moving average is $153.52 and its two-hundred day moving average is $174.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 622 shares of PTC 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 directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

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.