WINTON GROUP Ltd Invests $5.43 Million in PTC Inc. (NASDAQ:PTC)

WINTON GROUP Ltd acquired a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,555 shares of the technology company's stock, valued at approximately $5,434,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. increased its holdings in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after acquiring an additional 297 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of PTC in the 3rd quarter worth about $66,000. Smartleaf Asset Management LLC boosted its stake in PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after purchasing an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in PTC during the 4th quarter valued at about $84,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, KeyCorp boosted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $210.09.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade 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 is available through the SEC website. Insiders own 0.32% of the company's stock.

PTC Stock Performance

Shares of PTC stock traded down $1.46 on Monday, hitting $153.34. 250,642 shares of the company's stock were exchanged, compared to its average volume of 848,905. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $18.45 billion, a PE ratio of 47.38, a PEG ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1 year low of $150.51 and a 1 year high of $203.09. The company has a 50-day simple moving average of $169.84 and a 200-day simple moving average of $181.05.

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

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.