Proficio Capital Partners LLC Invests $8.86 Million in PTC Inc. (NASDAQ:PTC)

Proficio Capital Partners LLC purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 48,174 shares of the technology company's stock, valued at approximately $8,858,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fernbridge Capital Management LP grew its stake in PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after acquiring an additional 650,990 shares during the period. D1 Capital Partners L.P. acquired a new position in PTC in the third quarter valued at $84,549,000. Massachusetts Financial Services Co. MA lifted its position in PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company's stock worth $167,012,000 after buying an additional 150,652 shares during the period. JPMorgan Chase & Co. boosted its stake in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after buying an additional 135,677 shares during the last quarter. Finally, State Street Corp grew its holdings in PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company's stock valued at $917,088,000 after buying an additional 133,370 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Down 1.1 %

PTC stock traded down $1.80 during midday trading on Thursday, hitting $159.36. 350,791 shares of the stock were exchanged, compared to its average volume of 1,101,301. PTC Inc. has a 1 year low of $155.53 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $19.17 billion, a P/E ratio of 49.38, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a 50 day moving average price of $178.39 and a two-hundred day moving average price of $182.69.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly 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, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of PTC 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 of the company's stock, 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 document filed with the SEC, which is available through this link. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PTC. Robert W. Baird increased their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. 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. JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. Finally, StockNews.com cut PTC from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of "Moderate Buy" and a consensus price target of $210.09.

PTC Company 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.