PTC Inc. (NASDAQ:PTC) Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,382 shares of the technology company’s stock after buying an additional 3,311 shares during the period. Leeward Investments LLC MA owned approximately 0.07% of PTC worth $16,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Lindbrook Capital LLC raised its position in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of PTC during the first quarter worth $34,000. Resources Management Corp CT ADV grew its holdings in shares of PTC by 4,285.7% during the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of PTC during the fourth quarter valued at $46,000. Finally, Van ECK Associates Corp increased its position in shares of PTC by 26.0% in the 4th quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock valued at $92,000 after acquiring an additional 108 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on PTC shares. Citigroup reduced their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Barclays upped their price target on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $199.73.

PTC Price Performance

Shares of NASDAQ PTC traded up $1.08 during trading on Thursday, hitting $183.97. The company had a trading volume of 408,690 shares, compared to its average volume of 678,281. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $178.28 and a two-hundred day simple moving average of $179.18. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 76.98, a price-to-earnings-growth ratio of 3.44 and a beta of 1.18.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. PTC had a return on equity of 13.76% and a net margin of 12.84%. The firm had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. On average, research analysts expect that PTC Inc. will post 3.48 earnings per share for the current year.

Insider Transactions at PTC

In other news, Director Janice Chaffin sold 4,000 shares of the business’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 transaction, the director now directly owns 52,137 shares in the company, valued at approximately $9,290,813.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other PTC news, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the completion of 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. Over the last three months, insiders have sold 11,846 shares of company stock valued at $2,137,631. Corporate insiders own 1.17% of the company’s stock.

PTC Company 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.