PTC Inc. (NASDAQ:PTC) Holdings Raised by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 1,753.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 298,627 shares of the technology company’s stock after buying an additional 282,513 shares during the quarter. Janus Henderson Group PLC’s holdings in PTC were worth $54,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in PTC by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company’s stock valued at $26,931,000 after buying an additional 5,403 shares during the last quarter. Czech National Bank lifted its holdings in PTC by 6.4% during the 4th quarter. Czech National Bank now owns 26,047 shares of the technology company’s stock valued at $4,789,000 after purchasing an additional 1,575 shares during the last quarter. Wedmont Private Capital lifted its holdings in PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. Tealwood Asset Management Inc. lifted its holdings in PTC by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 8,986 shares of the technology company’s stock valued at $1,652,000 after purchasing an additional 128 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of PTC in the fourth quarter worth about $1,113,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Thursday, May 1st. KeyCorp lowered their target price on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Piper Sandler lowered their target price on shares of PTC from $202.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 target price (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Finally, Robert W. Baird increased their price objective on shares of PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.15.

PTC Stock Performance

Shares of PTC opened at $170.96 on Wednesday. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The firm has a fifty day simple moving average of $153.91 and a 200 day simple moving average of $174.33. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 2.27 and a beta of 1.19. 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 (NASDAQ:PTC) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping 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 business had revenue of $636.37 million during the quarter, compared to analysts’ expectations of $608.64 million. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction 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 owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares of the company’s stock, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

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.