New York State Common Retirement Fund Has $36.27 Million Holdings in PTC Inc. (NASDAQ:PTC)

New York State Common Retirement Fund lifted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 197,235 shares of the technology company’s stock after purchasing an additional 1,103 shares during the period. New York State Common Retirement Fund owned 0.16% of PTC worth $36,266,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Bank Pictet & Cie Europe AG lifted its holdings in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after buying an additional 55 shares during the period. Wedmont Private Capital lifted its holdings in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after buying an additional 64 shares during the period. IFM Investors Pty Ltd lifted its holdings in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the period. Allworth Financial LP lifted its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the sale, the director now directly owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,539 shares of company stock valued at $3,301,697 over the last three months. Corporate insiders own 0.32% of the company’s stock.

PTC Trading Down 2.4 %

NASDAQ:PTC opened at $165.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a 50-day moving average of $184.34 and a 200-day moving average of $183.30. The company has a market cap of $19.94 billion, a PE ratio of 51.16, a PEG ratio of 2.34 and a beta of 1.19. PTC Inc. has a one year low of $163.30 and a one year high of $203.09.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PTC shares. KeyCorp boosted their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Friday. Piper Sandler boosted their target price on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $210.09.

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.