Aquatic Capital Management LLC Invests $2.96 Million in PTC Inc. (NASDAQ:PTC)

Aquatic Capital Management LLC acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,101 shares of the technology company's stock, valued at approximately $2,960,000.

Other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of PTC by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PTC by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after acquiring an additional 240,080 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PTC by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock worth $555,626,000 after acquiring an additional 67,504 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock valued at $203,463,000 after purchasing an additional 30,525 shares during the last quarter. Finally, FIL Ltd increased its position in PTC by 0.4% during the 4th quarter. FIL Ltd now owns 1,090,175 shares of the technology company's stock worth $200,450,000 after purchasing an additional 4,396 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of PTC 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 completion of the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Oppenheimer lowered their target price on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a report on Friday. Robert W. Baird boosted their price target on PTC from $181.00 to $185.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. Barclays cut their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reduced their target price on shares of PTC from $220.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, Mizuho cut their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $190.38.

PTC Trading Up 1.6 %

Shares of PTC stock opened at $154.03 on Monday. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two 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 stock has a 50 day simple moving average of $154.42 and a two-hundred day simple moving average of $176.25. The company has a market cap of $18.53 billion, a P/E ratio of 47.54, a PEG ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Research analysts forecast 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.

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