Steward Partners Investment Advisory LLC Purchases 2,616 Shares of PTC Inc. (NASDAQ:PTC)

Steward Partners Investment Advisory LLC boosted its position in PTC Inc. (NASDAQ:PTCFree Report) by 726.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,976 shares of the technology company’s stock after acquiring an additional 2,616 shares during the period. Steward Partners Investment Advisory LLC’s holdings in PTC were worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of PTC by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after purchasing an additional 859,227 shares in the last quarter. Invesco Ltd. lifted its position in PTC by 5.8% during the 3rd quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock valued at $353,459,000 after acquiring an additional 137,100 shares during the period. FMR LLC lifted its position in PTC by 6.0% during the 3rd quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock valued at $281,823,000 after acquiring an additional 113,037 shares during the period. Northern Trust Corp lifted its position in PTC by 15.6% during the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock valued at $177,488,000 after acquiring an additional 168,917 shares during the period. Finally, Franklin Resources Inc. lifted its position in PTC by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock valued at $208,600,000 after acquiring an additional 13,468 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,254 shares of the company’s 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 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. In other news, COO Michael Ditullio sold 6,592 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 53,148 shares of the company’s stock, valued at $9,734,056.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC opened at $174.60 on Friday. The firm has a 50 day moving average of $180.12 and a 200 day moving average of $176.88. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 73.05, a price-to-earnings-growth ratio of 3.22 and a beta of 1.18. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24.

PTC (NASDAQ:PTCGet Free Report) last announced its earnings results 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 company had revenue of $603.07 million during 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, research analysts anticipate that PTC Inc. will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on PTC

PTC 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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