Vanguard Group Inc. Buys 240,080 Shares of PTC Inc. (NASDAQ:PTC)

Vanguard Group Inc. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,292,492 shares of the technology company’s stock after buying an additional 240,080 shares during the quarter. Vanguard Group Inc. owned 11.87% of PTC worth $2,627,961,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Assetmark Inc. boosted its stake in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after buying an additional 297 shares in the last quarter. Brooklyn Investment Group purchased a new stake in PTC in the third quarter worth approximately $66,000. Smartleaf Asset Management LLC grew its position in PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after acquiring an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of PTC in the 4th quarter worth approximately $84,000. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

PTC stock opened at $162.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 1 year low of $151.80 and a 1 year high of $203.09. The firm has a 50-day moving average of $171.50 and a 200 day moving average of $181.24. The company has a market cap of $19.59 billion, a P/E ratio of 50.25, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PTC shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. KeyCorp increased their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.09.

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.