PTC Inc. (NASDAQ:PTC) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its stake in PTC Inc. (NASDAQ:PTC – Get Rating) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,167 shares of the technology company’s stock after purchasing an additional 699 shares during the period. MML Investors Services LLC’s holdings in PTC were worth $540,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC raised its position in PTC by 24.5% during the 3rd quarter. Barclays PLC now owns 162,955 shares of the technology company’s stock worth $17,044,000 after buying an additional 32,060 shares during the last quarter. WINTON GROUP Ltd raised its holdings in PTC by 101.1% during the third quarter. WINTON GROUP Ltd now owns 9,124 shares of the technology company’s stock worth $954,000 after purchasing an additional 4,587 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in PTC by 34.8% in the second quarter. Brown Brothers Harriman & Co. now owns 628 shares of the technology company’s stock valued at $67,000 after purchasing an additional 162 shares during the period. Nisa Investment Advisors LLC boosted its holdings in PTC by 0.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 23,559 shares of the technology company’s stock valued at $2,465,000 after purchasing an additional 139 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in PTC by 446.4% during the 2nd quarter. Verition Fund Management LLC now owns 19,151 shares of the technology company’s stock worth $2,037,000 after purchasing an additional 15,646 shares during the period. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Insider Activity at PTC

In other PTC news, Director Blake D. Moret sold 304,000 shares of PTC stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $121.21, for a total value of $36,847,840.00. Following the completion of the sale, the director now directly owns 7,712,998 shares of the company’s stock, valued at approximately $934,892,487.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PTC news, Director Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $135.15, for a total value of $229,755.00. Following the sale, the director now directly owns 7,704,017 shares of the company’s stock, valued at approximately $1,041,197,897.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Blake D. Moret sold 304,000 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $121.21, for a total transaction of $36,847,840.00. Following the transaction, the director now directly owns 7,712,998 shares of the company’s stock, valued at approximately $934,892,487.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 472,760 shares of company stock valued at $58,550,847. Company insiders own 8.26% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on PTC from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Mizuho increased their price target on shares of PTC from $155.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Royal Bank of Canada boosted their price objective on shares of PTC from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Loop Capital increased their target price on shares of PTC from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Berenberg Bank assumed coverage on PTC in a research note on Wednesday, January 11th. They set a “buy” rating and a $155.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.55.

PTC Stock Performance

NASDAQ PTC opened at $124.69 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.56. PTC Inc. has a fifty-two week low of $96.55 and a fifty-two week high of $139.91. The business has a fifty day moving average of $128.86 and a 200-day moving average of $121.63. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

PTC (NASDAQ:PTC – Get Rating) last announced its earnings results on Wednesday, February 1st. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). PTC had a net margin of 17.62% and a return on equity of 18.20%. The firm had revenue of $465.91 million during the quarter, compared to analyst estimates of $464.43 million. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that PTC Inc. will post 3.1 earnings per share for the current fiscal year.

About PTC

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PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.