PTC Inc. (NASDAQ:PTC) Holdings Lifted by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its stake in PTC Inc. (NASDAQ:PTC) by 3,885.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,701 shares of the technology company’s stock after buying an additional 68,927 shares during the quarter. PTC accounts for about 0.6% of Siemens Fonds Invest GmbH’s holdings, making the stock its 27th biggest position. Siemens Fonds Invest GmbH’s holdings in PTC were worth $12,047,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of PTC during the 4th quarter worth about $30,000. Allworth Financial LP increased its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in PTC in the fourth quarter worth approximately $51,000. Assetmark Inc. raised its position in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after acquiring an additional 297 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in PTC in the fourth quarter valued at approximately $77,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president now directly owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PTC. Robert W. Baird increased their price target on shares of PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Mizuho decreased their price objective on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Piper Sandler lowered their target price on shares of PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays decreased their price target on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average price target of $187.15.

PTC Trading Up 0.2%

Shares of NASDAQ:PTC opened at $171.80 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $20.61 billion, a P/E ratio of 53.02, a P/E/G ratio of 2.27 and a beta of 1.19. The stock’s 50-day moving average is $154.30 and its 200-day moving average is $174.22.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.