Willis Johnson & Associates Inc. Makes New Investment in PTC Inc. (NASDAQ:PTC)

Willis Johnson & Associates Inc. bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,070 shares of the technology company’s stock, valued at approximately $381,000.

Several other large investors also recently modified their holdings of PTC. Sone Capital Management LLC bought a new position in PTC during the fourth quarter worth about $7,772,000. Squarepoint Ops LLC lifted its stake in shares of PTC by 42.9% during the 4th quarter. Squarepoint Ops LLC now owns 23,472 shares of the technology company’s stock valued at $4,316,000 after buying an additional 7,047 shares in the last quarter. Twinbeech Capital LP bought a new position in PTC in the 4th quarter worth approximately $4,478,000. Two Sigma Advisers LP grew its stake in PTC by 240.4% in the 4th quarter. Two Sigma Advisers LP now owns 37,100 shares of the technology company’s stock valued at $6,822,000 after buying an additional 26,200 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in PTC by 28.9% in the 4th quarter. Two Sigma Investments LP now owns 160,379 shares of the technology company’s stock valued at $29,489,000 after buying an additional 35,928 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.3%

PTC opened at $172.39 on Tuesday. The business’s fifty day simple moving average is $154.92 and its 200 day simple moving average is $173.85. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market cap of $20.68 billion, a PE ratio of 53.21, a P/E/G ratio of 2.27 and a beta of 1.19.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho cut their price target on PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $160.00 price target (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus cut their price objective on shares of PTC from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.15.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares in the company, valued at $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 owned by corporate insiders.

About PTC

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.