Cookson Peirce & Co. Inc. Grows Holdings in PTC Inc. (NASDAQ:PTC)

Cookson Peirce & Co. Inc. grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,141 shares of the technology company’s stock after buying an additional 396 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in PTC were worth $375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. State Street Corp lifted its stake in PTC by 3.6% during the first quarter. State Street Corp now owns 4,151,605 shares of the technology company’s stock worth $532,360,000 after purchasing an additional 142,852 shares during the last quarter. Select Equity Group L.P. lifted its stake in PTC by 5.7% during the fourth quarter. Select Equity Group L.P. now owns 3,504,626 shares of the technology company’s stock worth $420,695,000 after purchasing an additional 190,348 shares during the last quarter. Invesco Ltd. lifted its stake in PTC by 1.6% during the first quarter. Invesco Ltd. now owns 2,576,733 shares of the technology company’s stock worth $277,566,000 after purchasing an additional 41,474 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in PTC by 3.0% in the first quarter. Geode Capital Management LLC now owns 2,335,464 shares of the technology company’s stock worth $298,852,000 after buying an additional 68,055 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 in the last quarter. 1.17% of the stock is owned by company insiders.

PTC Trading Up 0.4 %

Shares of PTC stock opened at $178.62 on Wednesday. The stock has a 50-day simple moving average of $183.79 and a 200 day simple moving average of $168.28. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The stock has a market capitalization of $21.35 billion, a P/E ratio of 90.67, a P/E/G ratio of 3.17 and a beta of 1.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The business had revenue of $550.21 million during the quarter, compared to analysts’ expectations of $538.59 million. On average, sell-side analysts expect that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PTC. JPMorgan Chase & Co. raised PTC from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $130.00 to $200.00 in a research report on Thursday, January 4th. Mizuho increased their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets increased their target price on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Robert W. Baird reissued an “outperform” rating and set a $210.00 price target on shares of PTC in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average target price of $196.73.

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.