PTC Inc. (NASDAQ:PTC) Shares Bought by Cinctive Capital Management LP

Cinctive Capital Management LP grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 877.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,425 shares of the technology company's stock after buying an additional 22,825 shares during the quarter. Cinctive Capital Management LP's holdings in PTC were worth $4,675,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP raised its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. raised its position in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in PTC during the fourth quarter worth approximately $77,000. Smartleaf Asset Management LLC boosted its holdings in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after purchasing an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in PTC in the fourth quarter valued at approximately $84,000. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of PTC stock traded up $3.22 during trading hours on Tuesday, hitting $142.91. 289,355 shares of the company were exchanged, compared to its average volume of 864,511. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $165.18 and a 200-day moving average of $180.00. PTC Inc. has a 1 year low of $134.16 and a 1 year high of $203.09. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 44.13, a P/E/G ratio of 2.27 and a beta of 1.17.

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PTC (NASDAQ:PTC - Get Free Report) last announced 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, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PTC. Citigroup lowered their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. KeyCorp upped their price objective on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $210.09.

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.