Cerity Partners LLC Invests $267,000 in PTC Inc. (NASDAQ:PTC)

Cerity Partners LLC purchased a new position in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,526 shares of the technology company’s stock, valued at approximately $267,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in shares of PTC by 6.9% during the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after buying an additional 75 shares during the period. Czech National Bank increased its stake in shares of PTC by 64.7% during the third quarter. Czech National Bank now owns 20,769 shares of the technology company’s stock worth $2,943,000 after buying an additional 8,160 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of PTC by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 46,387 shares of the technology company’s stock worth $6,572,000 after buying an additional 919 shares during the period. Ballentine Partners LLC purchased a new stake in shares of PTC during the third quarter worth approximately $245,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of PTC by 14.0% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,988 shares of the technology company’s stock worth $6,232,000 after buying an additional 5,400 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at PTC

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

PTC Stock Performance

Shares of PTC opened at $180.99 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a market cap of $21.64 billion, a PE ratio of 91.87, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The company’s 50 day simple moving average is $183.55 and its 200-day simple moving average is $170.44. PTC Inc. has a 12-month low of $120.62 and a 12-month high of $194.24.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. As a group, equities analysts predict that PTC Inc. will post 3.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PTC shares. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Piper Sandler increased their price target on shares of PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Barclays increased their price target on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and increased their price target for the company from $130.00 to $200.00 in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $202.40.

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.