Illinois Municipal Retirement Fund Has $3.01 Million Stake in PTC Inc. (NASDAQ:PTC)

Illinois Municipal Retirement Fund lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,364 shares of the technology company’s stock after buying an additional 1,894 shares during the period. Illinois Municipal Retirement Fund’s holdings in PTC were worth $3,009,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PTC. Fernbridge Capital Management LP boosted its holdings in PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares during the last quarter. Congress Asset Management Co. lifted its position in PTC by 767.8% during the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of PTC during the 3rd quarter worth about $84,549,000. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $162.75 on Friday. PTC Inc. has a 52 week low of $160.53 and a 52 week high of $203.09. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 2.27 and a beta of 1.19. The company has a 50-day simple moving average of $180.45 and a 200 day simple moving average of $182.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PTC shares. Piper Sandler increased their price target on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp upped their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Insider Buying and Selling at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction on 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 transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

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.