3,675 Shares in PTC Inc. (NASDAQ:PTC) Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new position in shares of PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,675 shares of the technology company’s stock, valued at approximately $643,000.

A number of other large investors have also bought and sold shares of PTC. Vanguard Group Inc. increased its position in PTC by 6.6% in the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after buying an additional 859,227 shares during the last quarter. Norges Bank purchased a new position in shares of PTC in the fourth quarter valued at $48,590,000. Select Equity Group L.P. purchased a new position in shares of PTC in the first quarter valued at $43,148,000. Barclays PLC grew its position in shares of PTC by 67.0% in the third quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock valued at $97,975,000 after purchasing an additional 277,358 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of PTC in the third quarter valued at $39,054,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock valued at $6,457,478 over the last 90 days. Insiders own 1.17% of the company’s stock.

PTC Price Performance

PTC stock opened at $177.48 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $183.74 and a 200 day simple moving average of $168.35. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 90.09, a PEG ratio of 3.17 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. On average, research analysts forecast that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird reiterated an “outperform” rating and issued a $210.00 price target on shares of PTC in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $200.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.73.

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.