Janus Henderson Group PLC Acquires 4,800 Shares of PTC Inc. (NASDAQ:PTC)

Janus Henderson Group PLC boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,114 shares of the technology company's stock after buying an additional 4,800 shares during the period. Janus Henderson Group PLC's holdings in PTC were worth $2,912,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PTC. Fernbridge Capital Management LP boosted its position in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after buying an additional 650,990 shares during the period. Congress Asset Management Co. boosted its position in PTC by 767.8% during the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company's stock worth $119,746,000 after acquiring an additional 586,443 shares during the period. D1 Capital Partners L.P. acquired a new stake in PTC during the 3rd quarter worth about $84,549,000. Massachusetts Financial Services Co. MA grew its stake in PTC by 66.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company's stock valued at $140,577,000 after acquiring an additional 310,092 shares in the last quarter. Finally, Railway Pension Investments Ltd acquired a new position in shares of PTC in the 2nd quarter valued at about $24,416,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company's stock, valued at $160,356. The trade was a 67.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares of the company's stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last 90 days. Insiders own 1.17% of the company's stock.

PTC Stock Down 0.3 %

Shares of NASDAQ PTC traded down $0.59 during mid-day trading on Thursday, reaching $201.30. 767,907 shares of the company traded hands, compared to its average volume of 800,161. The company's fifty day moving average is $190.66 and its two-hundred day moving average is $181.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The stock has a market cap of $24.18 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Rosenblatt Securities restated a "buy" rating and set a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Berenberg Bank downgraded shares of PTC from a "buy" rating to a "hold" rating and dropped their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their target price on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus target price of $205.67.

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.