Greenvale Capital LLP Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

Greenvale Capital LLP grew its stake in PTC Inc. (NASDAQ:PTC) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,000 shares of the technology company’s stock after acquiring an additional 65,000 shares during the period. PTC accounts for about 7.8% of Greenvale Capital LLP’s investment portfolio, making the stock its 6th biggest position. Greenvale Capital LLP owned approximately 0.48% of PTC worth $105,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PTC. Bank Julius Baer & Co. Ltd Zurich raised its position in PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after purchasing an additional 9,893 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of PTC during the fourth quarter worth $1,113,000. Proficio Capital Partners LLC bought a new position in PTC in the fourth quarter valued at about $8,858,000. Avantax Advisory Services Inc. acquired a new stake in PTC in the fourth quarter worth about $223,000. Finally, Jones Financial Companies Lllp raised its holdings in PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after purchasing an additional 422 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the transaction, the executive vice president now directly owns 17,731 shares of the company’s stock, valued at $2,836,960. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PTC. Mizuho lowered their price target on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of PTC from $185.00 to $191.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.15.

PTC Stock Performance

Shares of PTC stock opened at $162.94 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The stock’s 50-day moving average is $153.52 and its 200-day moving average is $174.60. PTC Inc. has a one year low of $133.38 and a one year high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analysts’ expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.