PTC Inc. (NASDAQ:PTC) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 303.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,199 shares of the technology company's stock after purchasing an additional 21,955 shares during the period. Canada Pension Plan Investment Board's holdings in PTC were worth $5,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MML Investors Services LLC raised its holdings in PTC by 67.0% during the third quarter. MML Investors Services LLC now owns 3,181 shares of the technology company's stock worth $575,000 after purchasing an additional 1,276 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of PTC by 48.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,265 shares of the technology company's stock worth $843,000 after buying an additional 1,397 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of PTC by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock worth $203,463,000 after buying an additional 30,525 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in PTC in the 3rd quarter valued at about $3,113,000. Finally, Principal Financial Group Inc. increased its holdings in PTC by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company's stock valued at $26,931,000 after acquiring an additional 5,403 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 2.7 %

PTC stock traded up $3.94 during trading on Thursday, reaching $151.64. The company had a trading volume of 787,431 shares, compared to its average volume of 875,416. PTC Inc. has a 12-month low of $133.38 and a 12-month 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's 50 day moving average price is $155.15 and its two-hundred day moving average price is $176.66. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 46.80, 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 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%. As a group, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were 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 in the company, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PTC. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $160.00 target price (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. BMO Capital Markets dropped their price target on PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. KeyCorp decreased their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Robert W. Baird boosted their target price on shares of PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.08.

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.