PTC Inc. (NASDAQ:PTC) Position Raised by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in PTC Inc. (NASDAQ:PTCFree Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 184,122 shares of the technology company’s stock after buying an additional 9,346 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of PTC worth $32,214,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its holdings in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares during the period. Resources Management Corp CT ADV increased its holdings in shares of PTC by 4,285.7% during the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. acquired a new position in shares of PTC during the fourth quarter valued at $46,000. Van ECK Associates Corp grew its holdings in PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after acquiring an additional 108 shares during the period. Finally, GAMMA Investing LLC acquired a new position in PTC during the fourth quarter worth about $124,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PTC shares. Mizuho reaffirmed a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday. Citigroup dropped their price target on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Barclays lifted their price target on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.73.

View Our Latest Stock Report on PTC

PTC Stock Down 1.5 %

Shares of PTC stock opened at $171.47 on Wednesday. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 71.75, a P/E/G ratio of 3.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The stock has a 50-day simple moving average of $180.76 and a 200-day simple moving average of $176.93.

PTC (NASDAQ:PTCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. PTC had a return on equity of 13.76% and a net margin of 12.84%. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. On average, equities research analysts expect that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PTC news, COO Michael Ditullio sold 6,592 shares of PTC stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the transaction, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the sale, the insider now directly owns 13,598 shares in the company, valued at $2,358,573.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael Ditullio sold 6,592 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the sale, the chief operating officer now owns 53,148 shares in the company, valued at $9,734,056.20. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

PTC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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