NEOS Investment Management LLC Buys New Position in PTC Inc. (NASDAQ:PTC)

NEOS Investment Management LLC purchased a new position in PTC Inc. (NASDAQ:PTCFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,684 shares of the technology company’s stock, valued at approximately $295,000.

A number of other large investors have also modified their holdings of the business. Lindbrook Capital LLC increased its position in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares during the period. Resources Management Corp CT ADV increased its holdings in shares of PTC by 4,285.7% in 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. purchased a new position in shares of PTC in the fourth quarter worth about $46,000. Van ECK Associates Corp lifted its holdings in shares of 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 purchasing an additional 108 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in PTC in the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

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

PTC Stock Up 0.4 %

Shares of NASDAQ PTC opened at $172.18 on Thursday. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24. The company has a market capitalization of $20.61 billion, a P/E ratio of 72.04, a P/E/G ratio of 3.22 and a beta of 1.18. The company has a 50 day simple moving average of $180.41 and a 200-day simple moving average of $176.89. 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 (NASDAQ:PTCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, equities research analysts predict that PTC Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PTC. Citigroup decreased their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and set 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 Wednesday, May 15th. Robert W. Baird boosted their target price on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Mizuho reaffirmed a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a research note on Tuesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.73.

Read Our Latest Research Report on PTC

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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