PTC Inc. (NASDAQ:PTC) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in PTC Inc. (NASDAQ:PTC) by 5.2% during the first quarter, HoldingsChannel.com reports. The firm owned 865,034 shares of the technology company’s stock after buying an additional 43,072 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PTC were worth $134,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wahed Invest LLC boosted its stake in shares of PTC by 2.1% during the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock worth $539,000 after acquiring an additional 61 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock worth $582,000 after acquiring an additional 70 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of PTC by 2.4% during the 1st quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock worth $514,000 after acquiring an additional 78 shares in the last quarter. Strategic Advisors LLC boosted its stake in shares of PTC by 1.1% during the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company’s stock worth $1,198,000 after acquiring an additional 83 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of PTC by 5.8% during the 1st quarter. Dynasty Wealth Management LLC now owns 1,525 shares of the technology company’s stock worth $236,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $205.42 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $24.61 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The business has a 50 day simple moving average of $185.58 and a 200 day simple moving average of $170.48.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.22 by $0.42. The business had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%. PTC’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. On average, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PTC. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Piper Sandler boosted their price objective on PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average target price of $202.14.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company 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.