D. E. Shaw & Co. Inc. Purchases 62,138 Shares of PTC Inc. (NASDAQ:PTC)

D. E. Shaw & Co. Inc. grew its position in PTC Inc. (NASDAQ:PTC) by 24.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,048 shares of the technology company’s stock after buying an additional 62,138 shares during the period. D. E. Shaw & Co. Inc. owned 0.27% of PTC worth $58,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG increased its holdings in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after acquiring an additional 55 shares in the last quarter. Wahed Invest LLC increased its stake in PTC by 2.1% during the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock valued at $539,000 after purchasing an additional 61 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after buying an additional 64 shares during the last quarter. Allworth Financial LP lifted its stake in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Finally, Otter Creek Advisors LLC lifted its stake in shares of PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock worth $3,527,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Down 1.1 %

Shares of PTC opened at $162.94 on Friday. The firm has a market cap of $19.54 billion, a P/E ratio of 50.29, a PEG ratio of 2.27 and a beta of 1.19. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The stock’s 50 day moving average is $153.52 and its two-hundred day moving average is $174.60. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. The trade was a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Oppenheimer dropped their target price on PTC from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $160.00 price target (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Piper Sandler cut their price objective on shares of PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Finally, KeyCorp decreased their target price 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.15.

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.