PTC Inc. $PTC Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 3.9% during the second quarter, HoldingsChannel.com reports. The firm owned 18,271 shares of the technology company’s stock after buying an additional 678 shares during the period. Teacher Retirement System of Texas’ holdings in PTC were worth $3,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Motco acquired a new position in PTC during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PTC in the first quarter worth about $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of PTC during the first quarter worth about $39,000. SVB Wealth LLC acquired a new position in shares of PTC during the first quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. raised its position in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC opened at $198.54 on Friday. The business’s 50-day moving average is $205.49 and its two-hundred day moving average is $188.45. The company has a market capitalization of $23.78 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.90 and a beta of 1.14. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million for the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

PTC has been the topic of several research analyst reports. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 target price on PTC and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Stifel Nicolaus raised their target price on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Robert W. Baird set a $255.00 price target on PTC in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.31.

About PTC

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.