1,380 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC purchased a new position in PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,380 shares of the technology company’s stock, valued at approximately $241,000.

Several other institutional investors also recently added to or reduced their stakes in PTC. Metis Global Partners LLC grew its holdings in PTC by 24.4% during the 3rd quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company’s stock worth $819,000 after acquiring an additional 1,133 shares in the last quarter. Silverberg Bernstein Capital Management LLC bought a new position in PTC during the 4th quarter worth about $9,647,000. Ballentine Partners LLC grew its holdings in PTC by 786.0% during the 4th quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company’s stock worth $2,683,000 after acquiring an additional 13,605 shares in the last quarter. Wellington Management Group LLP grew its holdings in PTC by 153.9% during the 3rd quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company’s stock worth $15,775,000 after acquiring an additional 67,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in PTC by 3.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 788,746 shares of the technology company’s stock worth $137,999,000 after acquiring an additional 23,716 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the sale, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock valued at $6,457,478 in the last three months. 1.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PTC. Mizuho increased their target price on shares of PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and raised their price target for the company from $130.00 to $200.00 in a report on Thursday, January 4th. KeyCorp raised their price target on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Barclays raised their price target on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.73.

PTC Price Performance

NASDAQ:PTC opened at $176.37 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 89.53, a price-to-earnings-growth ratio of 3.15 and a beta of 1.17. The company has a 50 day moving average price of $183.49 and a 200-day moving average price of $168.86. PTC Inc. has a 1-year low of $120.62 and a 1-year high of $194.24.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. Equities research analysts forecast that PTC Inc. will post 3.47 EPS for the current year.

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.