V Square Quantitative Management LLC Increases Stock Position in PTC Inc. (NASDAQ:PTC)

V Square Quantitative Management LLC raised its position in PTC Inc. (NASDAQ:PTC) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,615 shares of the technology company’s stock after buying an additional 504 shares during the period. V Square Quantitative Management LLC’s holdings in PTC were worth $458,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in PTC by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after acquiring an additional 859,227 shares during the period. Invesco Ltd. increased its stake in shares of PTC by 5.8% during the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock worth $353,459,000 after purchasing an additional 137,100 shares in the last quarter. FMR LLC raised its position in shares of PTC by 6.0% during the 3rd quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock worth $281,823,000 after purchasing an additional 113,037 shares during the last quarter. Northern Trust Corp raised its position in shares of PTC by 15.6% during the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after purchasing an additional 168,917 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in PTC by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock valued at $208,600,000 after buying an additional 13,468 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PTC shares. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Robert W. Baird upped their target price on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Mizuho reissued a “neutral” rating and issued a $190.00 price target (down from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Finally, Citigroup lowered their price target on shares of PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.73.

PTC Price Performance

PTC stock opened at $173.50 on Monday. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The business has a fifty day moving average of $178.76 and a two-hundred day moving average of $178.02. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 72.59, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The company had revenue of $603.07 million during the quarter, compared to analyst estimates of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. As a group, research analysts anticipate that PTC Inc. will post 3.48 earnings per share for the current year.

Insider Activity at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total transaction of $712,800.00. Following the transaction, the director now directly owns 52,137 shares in the company, valued at $9,290,813.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Michael Ditullio sold 6,592 shares of PTC stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the transaction, the chief operating officer now owns 53,148 shares in the company, valued at $9,734,056.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total transaction of $712,800.00. Following the sale, the director now owns 52,137 shares in the company, valued at $9,290,813.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,846 shares of company stock worth $2,137,631. Insiders own 1.17% 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.