Virtu Financial LLC Takes Position in PTC Inc. (NASDAQ:PTC)

Virtu Financial LLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,465 shares of the technology company’s stock, valued at approximately $606,000.

A number of other large investors have also made changes to their positions in the stock. V Square Quantitative Management LLC raised its position in shares of PTC by 23.9% during the fourth quarter. V Square Quantitative Management LLC now owns 2,615 shares of the technology company’s stock valued at $458,000 after buying an additional 504 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in PTC by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,820 shares of the technology company’s stock worth $146,061,000 after purchasing an additional 169,592 shares in the last quarter. Okabena Investment Services Inc. acquired a new position in PTC in the fourth quarter worth about $603,000. Grayhawk Investment Strategies Inc. acquired a new position in PTC in the fourth quarter worth about $759,000. Finally, Balyasny Asset Management L.P. raised its position in PTC by 173.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after purchasing an additional 344,853 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $172.68 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $20.67 billion, a P/E ratio of 72.25, a P/E/G ratio of 3.26 and a beta of 1.18. The firm has a 50 day simple moving average of $178.49 and a 200 day simple moving average of $178.13. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. The business 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%. Sell-side analysts predict that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Insider Activity at PTC

In other PTC news, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Ditullio sold 6,592 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the transaction, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. Insiders sold a total of 11,846 shares of company stock valued at $2,137,631 over the last quarter. Corporate insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PTC. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. Mizuho reissued a “neutral” rating and issued a $190.00 price target (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Barclays increased their price target on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Robert W. Baird raised their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.73.

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.