Select Equity Group L.P. Has $176.81 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Select Equity Group L.P. grew its position in shares of PTC Inc. (NASDAQ:PTC) by 21.1% in the fourth quarter, HoldingsChannel reports. The fund owned 961,582 shares of the technology company’s stock after acquiring an additional 167,417 shares during the period. Select Equity Group L.P.’s holdings in PTC were worth $176,806,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Siemens Fonds Invest GmbH raised its stake in PTC by 3,885.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 70,701 shares of the technology company’s stock valued at $12,047,000 after acquiring an additional 68,927 shares during the period. Sherbrooke Park Advisers LLC raised its stake in PTC by 13.6% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,270 shares of the technology company’s stock valued at $969,000 after acquiring an additional 632 shares during the period. Royal Bank of Canada raised its stake in PTC by 91.3% in the 4th quarter. Royal Bank of Canada now owns 158,098 shares of the technology company’s stock valued at $29,070,000 after acquiring an additional 75,441 shares during the period. Raiffeisen Bank International AG bought a new stake in PTC in the 4th quarter valued at $412,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in PTC in the 4th quarter valued at $80,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Up 0.6%

NASDAQ PTC opened at $172.91 on Friday. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The business has a 50 day moving average price of $154.62 and a 200-day moving average price of $174.11. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. PTC’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. As a group, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price objective on shares of PTC in a report on Thursday, May 1st. KeyCorp reduced their target price on PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets increased their target price on PTC from $183.00 to $187.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Robert W. Baird increased their target price on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $187.15.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

PTC Company 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.