Headlands Technologies LLC Acquires Shares of 2,851 PTC Inc. (NASDAQ:PTC)

Headlands Technologies LLC purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,851 shares of the technology company's stock, valued at approximately $524,000.

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

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The stock was 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

PTC Price Performance

Shares of PTC stock traded up $12.50 during trading on Wednesday, hitting $149.24. 1,450,119 shares of the stock traded hands, compared to its average volume of 872,490. The firm's fifty day moving average is $161.31 and its 200-day moving average is $179.02. The stock has a market cap of $17.96 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.27 and a beta of 1.17. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.95% and a return on equity of 14.49%. Research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PTC shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Citigroup lowered their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a research report on Wednesday. Finally, StockNews.com cut PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.55.

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.