PTC Inc. (NASDAQ:PTC) Stock Holdings Increased by Strategic Advisors LLC

Strategic Advisors LLC boosted its position in PTC Inc. (NASDAQ:PTC) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,729 shares of the technology company’s stock after buying an additional 83 shares during the quarter. Strategic Advisors LLC’s holdings in PTC were worth $1,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in PTC in the first quarter valued at about $488,000. Exchange Traded Concepts LLC boosted its stake in PTC by 21.7% in the first quarter. Exchange Traded Concepts LLC now owns 84,339 shares of the technology company’s stock valued at $13,068,000 after acquiring an additional 15,028 shares during the period. Capital Investment Services of America Inc. boosted its stake in PTC by 0.3% in the first quarter. Capital Investment Services of America Inc. now owns 189,838 shares of the technology company’s stock valued at $29,415,000 after acquiring an additional 534 shares during the period. Azzad Asset Management Inc. ADV acquired a new position in PTC in the first quarter valued at approximately $536,000. Finally, GraniteShares Advisors LLC boosted its stake in PTC by 3.9% in the first quarter. GraniteShares Advisors LLC now owns 2,726 shares of the technology company’s stock valued at $422,000 after acquiring an additional 103 shares during the period. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PTC. KeyCorp decreased their target price on PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Oppenheimer restated a “cautious” rating on shares of PTC in a research note on Thursday. Wall Street Zen downgraded PTC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Piper Sandler decreased their target price on PTC from $202.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, BMO Capital Markets lifted their target price on PTC from $183.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $188.69.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business’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 sale, the executive vice president now owns 17,731 shares of the company’s stock, valued at $2,836,960. The trade was 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 the SEC website. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

Shares of NASDAQ:PTC opened at $172.61 on Tuesday. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 2.27 and a beta of 1.18. The stock’s 50 day moving average price is $161.13 and its 200 day moving average price is $170.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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 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 company earned $1.46 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.