Alliance Wealth Advisors LLC UT Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

Alliance Wealth Advisors LLC UT grew its stake in PTC Inc. (NASDAQ:PTC) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,819 shares of the technology company’s stock after acquiring an additional 146 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in PTC were worth $668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after buying an additional 859,227 shares during the period. Invesco Ltd. lifted its position in PTC by 5.8% during the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock worth $353,459,000 after buying an additional 137,100 shares during the period. FMR LLC lifted its position in PTC by 6.0% during the third quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock worth $281,823,000 after buying an additional 113,037 shares during the period. Northern Trust Corp lifted its position in PTC by 15.6% during the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after buying an additional 168,917 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in PTC by 12.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,010,963 shares of the technology company’s stock worth $143,233,000 after buying an additional 109,664 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Up 0.6 %

Shares of PTC stock traded up $1.11 during trading hours on Friday, reaching $180.99. The company had a trading volume of 742,701 shares, compared to its average volume of 657,853. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. PTC Inc. has a twelve month low of $120.62 and a twelve month high of $194.24. The company has a market capitalization of $21.64 billion, a P/E ratio of 91.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The stock’s fifty day simple moving average is $183.55 and its 200 day simple moving average is $170.05.

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

Insider Activity at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction dated 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 owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other PTC news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,415 shares of company stock valued at $6,457,478. Insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the topic of several recent analyst reports. Mizuho increased their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price target on shares of PTC in a research note on Thursday, February 1st. Oppenheimer upped their price target on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Barclays upped their price target on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.40.

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.