California State Teachers Retirement System Raises Stock Position in PTC Inc. (NASDAQ:PTC)

California State Teachers Retirement System boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,636 shares of the technology company’s stock after acquiring an additional 2,514 shares during the period. California State Teachers Retirement System owned 0.16% of PTC worth $35,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC grew its stake in PTC by 180.8% in the 1st quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock worth $5,115,000 after buying an additional 17,430 shares in the last quarter. Handelsbanken Fonder AB grew its stake in PTC by 25.2% in the 4th quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company’s stock worth $4,426,000 after buying an additional 5,100 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in PTC in the 4th quarter worth approximately $4,316,000. Norges Bank bought a new stake in shares of PTC in the 4th quarter worth approximately $114,043,000. Finally, USA Financial Formulas bought a new stake in shares of PTC in the 4th quarter worth approximately $1,355,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Michael Ditullio sold 6,592 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the transaction, the director now owns 48,137 shares in the company, valued at approximately $8,632,408.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,846 shares of company stock valued at $2,854,951. 1.17% of the stock is currently owned by company insiders.

PTC Trading Up 0.8 %

PTC stock traded up $1.38 during mid-day trading on Wednesday, reaching $177.85. 1,095,977 shares of the company traded hands, compared to its average volume of 832,863. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average price is $178.01 and its 200 day moving average price is $180.24. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 74.41, a P/E/G ratio of 3.33 and a beta of 1.18. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Citigroup lowered their price objective on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Robert W. Baird boosted their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Mizuho restated a “neutral” rating and issued a $190.00 price objective (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.73.

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.