PTC Inc. (NASDAQ:PTC) Shares Bought by Axa S.A.

Axa S.A. increased its stake in PTC Inc. (NASDAQ:PTC) by 19.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 322,768 shares of the technology company’s stock after buying an additional 52,535 shares during the quarter. Axa S.A.’s holdings in PTC were worth $59,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in shares of PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company’s stock worth $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PTC by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock valued at $2,627,961,000 after acquiring an additional 240,080 shares during the period. Geode Capital Management LLC raised its holdings in PTC by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company’s stock worth $555,626,000 after purchasing an additional 67,504 shares in the last quarter. Fernbridge Capital Management LP lifted its position in PTC by 6.0% in the fourth quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company’s stock worth $278,484,000 after purchasing an additional 85,564 shares during the period. Finally, Northern Trust Corp boosted its stake in PTC by 11.0% during the 4th quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company’s stock valued at $241,472,000 after purchasing an additional 129,910 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PTC shares. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Barclays reduced their price objective on shares of PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Thursday. BMO Capital Markets raised their target price on shares of PTC from $183.00 to $187.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.15.

PTC Stock Performance

Shares of PTC stock opened at $160.09 on Friday. The stock’s fifty day simple moving average is $153.51 and its 200-day simple moving average is $175.32. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 49.41, a P/E/G ratio of 2.27 and a beta of 1.17. 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 Inc. has a 1-year low of $133.38 and a 1-year high of $203.09.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. On average, sell-side analysts predict 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.