Teacher Retirement System of Texas Makes New $207,000 Investment in PTC Inc. (NASDAQ:PTC)

Teacher Retirement System of Texas purchased a new stake in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,124 shares of the technology company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of PTC during the fourth quarter worth $146,712,000. JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after acquiring an additional 135,677 shares in the last quarter. State Street Corp increased its holdings in shares of PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of PTC during the 3rd quarter worth about $20,636,000. Finally, LBP AM SA purchased a new stake in PTC during the fourth quarter worth approximately $16,220,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Up 0.6 %

PTC opened at $157.16 on Thursday. The business has a 50 day moving average price of $167.93 and a two-hundred day moving average price of $180.66. PTC Inc. has a 52 week low of $151.80 and a 52 week high of $203.09. The company has a market cap of $18.91 billion, a PE ratio of 48.51, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup dropped their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.