Stephens Inc. AR Acquires New Stake in PTC Inc. (NASDAQ:PTC)

Stephens Inc. AR acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,537 shares of the technology company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. First Horizon Advisors Inc. increased its holdings in shares of PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after purchasing an additional 122 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of PTC in the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC in the 2nd quarter worth $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of PTC in the 2nd quarter worth $31,000. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $190.05 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $179.76 and its two-hundred day simple moving average is $178.21. The stock has a market cap of $22.83 billion, a PE ratio of 77.57, a P/E/G ratio of 2.74 and a beta of 1.17. PTC Inc. has a 52 week low of $148.01 and a 52 week high of $199.48.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $626.55 million for the quarter, compared to analysts’ expectations of $620.49 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. As a group, analysts forecast that PTC Inc. will post 3.51 EPS for the current fiscal year.

Insider Transactions at PTC

In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research reports. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Robert W. Baird raised their price target on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler raised their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.83.

About PTC

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.