GAMMA Investing LLC Buys 368 Shares of PTC Inc. (NASDAQ:PTC)

GAMMA Investing LLC boosted its holdings in PTC Inc. (NASDAQ:PTC) by 53.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,054 shares of the technology company’s stock after buying an additional 368 shares during the period. GAMMA Investing LLC’s holdings in PTC were worth $199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its stake in shares of PTC by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock valued at $458,000 after purchasing an additional 55 shares in the last quarter. US Bancorp DE grew its position in PTC by 0.8% in the fourth quarter. US Bancorp DE now owns 9,931 shares of the technology company’s stock valued at $1,738,000 after acquiring an additional 77 shares during the period. First Trust Direct Indexing L.P. grew its holdings in shares of PTC by 4.7% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,797 shares of the technology company’s stock worth $314,000 after purchasing an additional 81 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the last quarter. Finally, Janney Capital Management LLC grew its holdings in shares of PTC by 2.9% during the fourth quarter. Janney Capital Management LLC now owns 3,255 shares of the technology company’s stock worth $569,000 after purchasing an additional 91 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PTC shares. Citigroup decreased their target price on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Mizuho reaffirmed a “neutral” rating and set a $190.00 price target (down previously from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Barclays upped their price target on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.73.

PTC Stock Up 1.7 %

NASDAQ:PTC opened at $176.03 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $21.07 billion, a PE ratio of 73.65, a PEG ratio of 3.25 and a beta of 1.18. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The stock has a 50-day simple moving average of $177.90 and a 200 day simple moving average of $178.18.

PTC (NASDAQ:PTC) last posted 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 firm had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. On average, sell-side analysts expect that PTC Inc. will post 3.48 EPS for the current fiscal year.

Insider Transactions at PTC

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