D1 Capital Partners L.P. Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

D1 Capital Partners L.P. raised its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 589,171 shares of the technology company's stock after purchasing an additional 121,171 shares during the quarter. PTC accounts for 1.8% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 21st biggest holding. D1 Capital Partners L.P. owned about 0.49% of PTC worth $108,331,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its stake in shares of PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Raymond James Financial Inc. bought a new position in PTC during the fourth quarter valued at about $146,712,000. Norges Bank bought a new stake in PTC in the 4th quarter valued at $128,852,000. Commerce Bank boosted its holdings in PTC by 557.8% during the fourth quarter. Commerce Bank now owns 311,841 shares of the technology company's stock valued at $57,338,000 after purchasing an additional 264,437 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after buying an additional 240,080 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Up 1.6 %

Shares of PTC stock traded up $2.39 during trading hours on Friday, reaching $154.03. The company's stock had a trading volume of 1,016,811 shares, compared to its average volume of 876,202. 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 fifty day simple moving average is $154.42 and its two-hundred day simple moving average is $176.28. The company has a market capitalization of $18.53 billion, a P/E ratio of 47.54, a P/E/G ratio of 2.27 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. On average, research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Oppenheimer dropped their target price on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. KeyCorp decreased their target price on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, BMO Capital Markets lowered their price objective on shares of PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.38.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on 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 sale, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by company insiders.

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.