Steph & Co. Invests $174,000 in PTC Inc. (NASDAQ:PTC)

Steph & Co. acquired a new stake in PTC Inc. (NASDAQ:PTC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 922 shares of the technology company’s stock, valued at approximately $174,000.

Several other institutional investors have also recently added to or reduced their stakes in PTC. Wellington Management Group LLP raised its stake in PTC by 1,409.3% during the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares during the period. Twin Focus Capital Partners LLC acquired a new position in PTC in the fourth quarter valued at $177,081,000. Vanguard Group Inc. boosted its holdings in PTC by 6.6% in the third 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 last quarter. Norges Bank purchased a new stake in PTC during the fourth quarter valued at about $114,043,000. Finally, Balyasny Asset Management L.P. increased its stake in PTC by 173.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after acquiring an additional 344,853 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Up 0.2 %

NASDAQ:PTC opened at $177.60 on Tuesday. PTC Inc. has a one year low of $134.61 and a one year high of $194.24. The business’s 50-day simple moving average is $177.84 and its 200 day simple moving average is $178.65. 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 stock has a market cap of $21.26 billion, a price-to-earnings ratio of 74.31, a price-to-earnings-growth ratio of 3.33 and a beta of 1.18.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The company had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. As a group, sell-side analysts predict that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the sale, the director now directly owns 52,137 shares of the company’s stock, valued at approximately $9,290,813.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,846 shares of company stock valued at $2,137,631. Insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PTC shares. Barclays boosted their target price on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Robert W. Baird increased their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Mizuho reissued a “neutral” rating and issued a $190.00 target price (down previously from $200.00) on shares of PTC in a research note on Tuesday, June 4th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. Finally, Citigroup cut their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average price target of $199.73.

About PTC

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.