Raymond James Financial Services Advisors Inc. Buys New Position in PTC Inc. (NASDAQ:PTC)

Raymond James Financial Services Advisors Inc. bought a new stake in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,675 shares of the technology company’s stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its position in PTC by 1,595.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,985 shares of the technology company’s stock valued at $697,000 after buying an additional 3,750 shares during the last quarter. HB Wealth Management LLC bought a new position in PTC in the fourth quarter valued at approximately $252,000. SG Americas Securities LLC grew its stake in PTC by 2,164.3% in the fourth quarter. SG Americas Securities LLC now owns 36,568 shares of the technology company’s stock valued at $6,398,000 after purchasing an additional 34,953 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its stake in PTC by 4.4% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 7,992 shares of the technology company’s stock valued at $1,398,000 after purchasing an additional 336 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in PTC by 2.3% in the fourth quarter. IFM Investors Pty Ltd now owns 25,753 shares of the technology company’s stock valued at $4,506,000 after purchasing an additional 572 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

PTC opened at $177.48 on Thursday. The business has a fifty day simple moving average of $183.74 and a 200 day simple moving average of $168.35. The company has a market capitalization of $21.22 billion, a PE ratio of 90.09, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17. PTC Inc. has a 1 year low of $120.62 and a 1 year high of $194.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. Research analysts expect that PTC Inc. will post 3.47 EPS for the current year.

Insider Activity at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 in the last ninety days. 1.17% of the stock is owned by company insiders.

Analyst Ratings Changes

PTC has been the subject of a number of analyst reports. Piper Sandler raised their price target on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Robert W. Baird restated an “outperform” rating and issued a $210.00 price target on shares of PTC in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their target price on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Mizuho lifted their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.73.

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.