PTC Inc. (NASDAQ:PTC) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 686,202 shares of the technology company’s stock after buying an additional 9,656 shares during the period. California Public Employees Retirement System’s holdings in PTC were worth $120,058,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PTC. Lindbrook Capital LLC grew its holdings in 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 buying an additional 91 shares in the last quarter. Legacy Financial Group LLC purchased a new position in PTC during the 3rd quarter valued at about $28,000. Resources Management Corp CT ADV raised its position in PTC by 4,285.7% in the 3rd 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 in the last quarter. CWM LLC raised its position in PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. Finally, Delta Capital Management LLC acquired a new stake in shares of PTC during the 4th quarter worth about $205,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the company’s 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 completion of the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PTC 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 transaction 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 $171,631,594.68. The transaction was disclosed in a document filed with the SEC, which is available through 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 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 three months. 1.17% of the stock is currently owned by insiders.

PTC Stock Performance

NASDAQ PTC opened at $180.44 on Wednesday. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 91.59, a price-to-earnings-growth ratio of 3.19 and a beta of 1.17. The business has a fifty day moving average of $183.54 and a 200-day moving average of $169.62. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PTC shares. Robert W. Baird restated an “outperform” rating and set a $210.00 price target on shares of PTC in a research note on Tuesday, April 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Friday, April 12th. 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 note on Thursday, January 4th. Mizuho lifted their price target on PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.