Toronto Dominion Bank Purchases 4,963 Shares of PTC Inc. (NASDAQ:PTC)

Toronto Dominion Bank boosted its holdings in PTC Inc. (NASDAQ:PTC) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,257 shares of the technology company’s stock after purchasing an additional 4,963 shares during the quarter. Toronto Dominion Bank’s holdings in PTC were worth $11,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after acquiring an additional 9,893 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of PTC in the 4th quarter worth about $8,858,000. Avantax Advisory Services Inc. purchased a new position in shares of PTC in the 4th quarter worth about $223,000. Jones Financial Companies Lllp grew its position in PTC by 1,140.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock valued at $84,000 after buying an additional 422 shares during the period. Finally, Choreo LLC purchased a new stake in PTC during the fourth quarter worth about $364,000. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $167.38 on Thursday. The firm has a market cap of $20.08 billion, a P/E ratio of 51.66, a P/E/G ratio of 2.27 and a beta of 1.19. The firm’s fifty day moving average is $156.53 and its 200 day moving average is $173.05. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. During the same period last year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 17,731 shares in the company, valued at approximately $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 Analyst Weigh In

A number of research firms have weighed in on PTC. BMO Capital Markets boosted their target price on shares of PTC from $183.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Robert W. Baird raised their target price on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Mizuho dropped their price target on PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. KeyCorp cut their price target on PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price target on shares of PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average target price of $187.15.

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.