Crewe Advisors LLC Buys Shares of 499 PTC Inc. (NASDAQ:PTC)

Crewe Advisors LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 499 shares of the technology company’s stock, valued at approximately $94,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in shares of PTC by 1,409.3% during the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after acquiring an additional 1,569,081 shares during the period. Twin Focus Capital Partners LLC bought a new stake in shares of PTC during the 4th quarter valued at $177,081,000. Norges Bank bought a new stake in shares of PTC during the 4th quarter valued at $114,043,000. Balyasny Asset Management L.P. grew its position in shares of PTC by 173.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock valued at $95,050,000 after acquiring an additional 344,853 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of PTC by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Catherine Kniker sold 1,254 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares in the company, valued at $2,358,573.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PTC news, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the sale, the insider now directly owns 13,598 shares in the company, valued at $2,358,573.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the transaction, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. Insiders have sold 15,846 shares of company stock worth $2,854,951 in the last three months. Corporate insiders own 1.17% of the company’s stock.

PTC Trading Up 0.8 %

PTC stock traded up $1.40 during midday trading on Friday, reaching $175.27. The stock had a trading volume of 227,484 shares, compared to its average volume of 827,408. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The firm has a market cap of $20.98 billion, a price-to-earnings ratio of 72.75, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18. The company has a fifty day moving average of $178.48 and a 200 day moving average of $179.98.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, analysts anticipate that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PTC shares. Citigroup decreased their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Rosenblatt Securities restated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Mizuho restated a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Finally, Barclays upped their target price on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.73.

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.