Oregon Public Employees Retirement Fund Has $847,000 Stock Holdings in PTC Inc. (NASDAQ:PTC)

Oregon Public Employees Retirement Fund lifted its stake in shares of PTC Inc. (NASDAQ:PTC – Get Rating) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 8,101 shares of the technology company’s stock after purchasing an additional 130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Trust Co. NA raised its position in PTC by 43.5% during the third quarter. Private Trust Co. NA now owns 330 shares of the technology company’s stock valued at $35,000 after buying an additional 100 shares during the period. Dupont Capital Management Corp acquired a new position in PTC during the second quarter valued at $41,000. Larson Financial Group LLC acquired a new position in PTC during the second quarter valued at $43,000. Brown Brothers Harriman & Co. acquired a new position in PTC during the first quarter valued at $50,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in PTC during the second quarter valued at $54,000. 86.79% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

PTC opened at $133.62 on Wednesday. The company has a market cap of $15.79 billion, a PE ratio of 50.42, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17. The stock has a 50-day moving average of $124.69 and a 200-day moving average of $118.49. PTC Inc. has a 52-week low of $96.55 and a 52-week high of $135.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.35.

PTC (NASDAQ:PTC – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. The company had revenue of $507.93 million during the quarter, compared to the consensus estimate of $498.19 million. PTC had a return on equity of 18.58% and a net margin of 16.19%. As a group, equities research analysts forecast that PTC Inc. will post 3.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent analyst reports. Berenberg Bank initiated coverage on PTC in a research report on Wednesday, January 11th. They set a “buy” rating and a $155.00 price target on the stock. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. Robert W. Baird boosted their target price on PTC to $150.00 in a research note on Wednesday, December 14th. Barclays lowered their target price on PTC from $148.00 to $144.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 11th. Finally, Citigroup boosted their target price on PTC to $135.00 in a research note on Tuesday, November 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.89.

Insider Activity at PTC

In related news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $122.95, for a total transaction of $983,600.00. Following the completion of the sale, the director now owns 8,870,017 shares in the company, valued at approximately $1,090,568,590.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $122.95, for a total transaction of $983,600.00. Following the completion of the sale, the director now owns 8,870,017 shares in the company, valued at approximately $1,090,568,590.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James E. Heppelmann sold 34,250 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $130.15, for a total value of $4,457,637.50. Following the sale, the chief executive officer now owns 930,667 shares of the company’s stock, valued at approximately $121,126,310.05. The disclosure for this sale can be found here. Insiders sold a total of 483,788 shares of company stock worth $59,367,463 in the last 90 days. 8.26% of the stock is owned by company insiders.

About PTC

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PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.