PTC Inc. (NASDAQ:PTC) Shares Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its position in PTC Inc. (NASDAQ:PTC - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,083 shares of the technology company's stock after buying an additional 2,020 shares during the period. PTC comprises about 0.6% of Peregrine Capital Management LLC's portfolio, making the stock its 29th largest holding. Peregrine Capital Management LLC owned approximately 0.09% of PTC worth $20,425,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in PTC by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,214 shares of the technology company's stock worth $2,387,000 after purchasing an additional 242 shares in the last quarter. Blue Trust Inc. lifted its stake in PTC by 473.9% in the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock worth $144,000 after purchasing an additional 654 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PTC by 8.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company's stock worth $1,127,000 after purchasing an additional 493 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in PTC by 5.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,461 shares of the technology company's stock worth $264,000 after purchasing an additional 82 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company's stock worth $162,000 after purchasing an additional 76 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on PTC shares. Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Citigroup reduced their price target 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. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and reduced their price target for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and an average price target of $210.09.

PTC Trading Down 2.5 %

PTC stock traded down $4.11 during trading on Friday, hitting $161.65. The company had a trading volume of 902,434 shares, compared to its average volume of 1,117,583. PTC Inc. has a 1-year low of $161.02 and a 1-year high of $203.09. 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 company's 50 day simple moving average is $183.63 and its 200-day simple moving average is $183.18. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Corinna Lathan sold 860 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares of the company's stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,539 shares of company stock worth $3,301,697 over the last 90 days. Corporate insiders own 0.32% of the company's stock.

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.