Entropy Technologies LP Invests $1.45 Million in PTC Inc. (NASDAQ:PTC)

Entropy Technologies LP purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,886 shares of the technology company's stock, valued at approximately $1,450,000.

A number of other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of PTC during the second quarter valued at $519,000. Park Avenue Securities LLC acquired a new stake in shares of PTC during the third quarter valued at $276,000. CWM LLC boosted its stake in shares of PTC by 12.5% during the third quarter. CWM LLC now owns 8,089 shares of the technology company's stock valued at $1,461,000 after acquiring an additional 900 shares during the last quarter. Swedbank AB boosted its stake in shares of PTC by 5.4% during the third quarter. Swedbank AB now owns 61,829 shares of the technology company's stock valued at $11,170,000 after acquiring an additional 3,157 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of PTC by 2.4% during the third quarter. Vontobel Holding Ltd. now owns 204,692 shares of the technology company's stock valued at $36,980,000 after acquiring an additional 4,774 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Up 0.8 %

PTC stock traded up $1.36 during midday trading on Thursday, hitting $167.93. 1,358,953 shares of the company's stock were exchanged, compared to its average volume of 1,116,323. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The firm has a 50 day moving average price of $187.36 and a 200-day moving average price of $183.50. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, analysts anticipate that PTC Inc. will post 4.62 EPS for the current year.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 1,703 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now owns 6,843 shares of the company's stock, valued at $1,368,600. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Berenberg Bank lowered PTC from a "buy" rating to a "hold" rating and decreased their price objective for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Piper Sandler raised their price target on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.