Archford Capital Strategies LLC Increases Holdings in PTC Inc. (NASDAQ:PTC)

Archford Capital Strategies LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 167.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,405 shares of the technology company’s stock after purchasing an additional 3,381 shares during the period. Archford Capital Strategies LLC’s holdings in PTC were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the 4th quarter worth $30,000. Allworth Financial LP boosted its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in PTC in the 4th quarter valued at about $47,000. Kapitalo Investimentos Ltda purchased a new position in PTC in the 4th quarter valued at about $51,000. Finally, UMB Bank n.a. boosted its position in PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock valued at $46,000 after buying an additional 178 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PTC. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Thursday, May 1st. Stifel Nicolaus decreased their price objective on shares of PTC from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Mizuho decreased their price objective on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Robert W. Baird upped their price objective on shares of PTC from $185.00 to $191.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, KeyCorp decreased their price objective on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $188.69.

PTC Stock Performance

Shares of PTC stock opened at $168.60 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company’s 50-day simple moving average is $164.08 and its 200-day simple moving average is $169.30. The stock has a market capitalization of $20.22 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 2.32 and a beta of 1.18.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. PTC’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. Equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.