ProShare Advisors LLC Purchases 2,198 Shares of PTC Inc. (NASDAQ:PTC)

ProShare Advisors LLC lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,011 shares of the technology company’s stock after acquiring an additional 2,198 shares during the period. ProShare Advisors LLC’s holdings in PTC were worth $4,783,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PTC. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter worth $30,000. Allworth Financial LP lifted its position in 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 purchasing an additional 69 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in PTC during the fourth quarter worth about $51,000. Assetmark Inc. grew its stake in PTC by 825.0% during 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. Finally, New Age Alpha Advisors LLC bought a new position in PTC in the 4th quarter valued at about $77,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Oppenheimer reduced their target price on PTC from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Robert W. Baird upped their price objective on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, KeyCorp decreased their target price on PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.15.

PTC Price Performance

PTC stock opened at $172.39 on Tuesday. The stock has a 50-day moving average price of $154.92 and a two-hundred day moving average price of $173.85. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The company has a market capitalization of $20.68 billion, a PE ratio of 53.21, a P/E/G ratio of 2.27 and a beta of 1.19. 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 posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 16.95% and a return on equity of 14.49%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of PTC 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on 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 directly owns 17,731 shares of the company’s stock, valued at $2,836,960. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

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.