Trexquant Investment LP Invests $6.71 Million in PTC Inc. (NASDAQ:PTC)

Trexquant Investment LP purchased a new stake in PTC Inc. (NASDAQ:PTC) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 36,513 shares of the technology company’s stock, valued at approximately $6,714,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of PTC by 58.0% in the 4th 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 last quarter. Assetmark Inc. grew its stake in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in PTC in the fourth quarter valued at about $77,000. Smartleaf Asset Management LLC raised its stake in PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after buying an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in PTC during the 4th quarter worth approximately $84,000. 95.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PTC. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup decreased their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp lifted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Down 4.9 %

PTC opened at $149.53 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 12 month low of $146.90 and a 12 month high of $203.09. The stock’s 50 day moving average price is $167.14 and its 200 day moving average price is $180.45. The stock has a market cap of $17.99 billion, a P/E ratio of 46.15, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.