Aristeia Capital L.L.C. Purchases New Stake in PTC Inc. (NASDAQ:PTC)

Aristeia Capital L.L.C. purchased a new position in PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,930 shares of the technology company’s stock, valued at approximately $532,000.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of PTC by 1,409.3% in 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 last quarter. Twin Focus Capital Partners LLC bought a new stake in shares of PTC in the 4th quarter worth approximately $177,081,000. Balyasny Asset Management L.P. increased its stake in shares of PTC by 173.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock valued at $95,050,000 after buying an additional 344,853 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of PTC by 66.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock valued at $140,577,000 after acquiring an additional 310,092 shares in the last quarter. Finally, Matrix Capital Management Company LP purchased a new stake in PTC in the first quarter worth $56,076,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho reissued a “neutral” rating and set a $190.00 price objective (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Rosenblatt Securities lifted their price objective on PTC from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Sandler increased their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $202.00 price target on shares of PTC in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.18.

PTC Trading Up 1.2 %

NASDAQ PTC opened at $177.96 on Tuesday. PTC Inc. has a 12 month low of $134.61 and a 12 month high of $194.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $174.12 and its 200-day moving average price is $178.48. The stock has a market cap of $21.30 billion, a P/E ratio of 74.46, a P/E/G ratio of 3.24 and a beta of 1.18.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $518.64 million for the quarter, compared to the consensus estimate of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. As a group, equities analysts forecast that PTC Inc. will post 3.52 EPS for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the sale, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $2,431,330 over the last 90 days. 1.17% of the stock is currently owned by insiders.

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.