2,605 Shares of PTC Inc. $PTC Bought by MGO One Seven LLC

MGO One Seven LLC acquired a new stake in PTC Inc. (NASDAQ:PTC) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,605 shares of the technology company’s stock, valued at approximately $365,000.

Other large investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in PTC during the 1st quarter worth approximately $36,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PTC in the second quarter valued at approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of PTC in the second quarter valued at approximately $32,000. Allworth Financial LP bought a new stake in shares of PTC during the second quarter worth $32,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of PTC during the first quarter worth $59,000. 95.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 1,750 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the completion of the transaction, the director directly owned 6,679 shares in the company, valued at $1,307,414.25. This represents a 20.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PTC. Stifel Nicolaus set a $205.00 price objective on shares of PTC in a research report on Monday, October 5th. Robert W. Baird cut PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Rosenblatt Securities downgraded PTC from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $205.00 in a research note on Monday, October 5th. Royal Bank Of Canada lowered PTC from a “buy” rating to a “sector perform” rating and boosted their price target for the company from $195.00 to $306.00 in a report on Monday, October 5th. Finally, Barclays lowered PTC from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $155.00 to $205.00 in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $200.06.

PTC Price Performance

NASDAQ PTC opened at $195.07 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 0.47. PTC Inc. has a 12-month low of $108.50 and a 12-month high of $196.05. The company has a market capitalization of $21.17 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.92. The firm’s 50 day moving average is $166.98 and its 200-day moving average is $148.11.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, November 4th. The technology company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.97 by $0.06. The business had revenue of $673.25 million during the quarter, compared to analysts’ expectations of $663.56 million. PTC had a net margin of 37.80% and a return on equity of 20.03%. The firm’s revenue was down 24.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.41 earnings per share. Equities research analysts anticipate that PTC Inc. will post 7.12 earnings per share for the current fiscal year.

PTC Profile

PTC Inc develops software that helps manufacturers design, build, operate and service products. Its offerings support computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management and industrial connectivity, helping companies manage product data and coordinate work across engineering and manufacturing.

PTC’s products include Creo for 3D CAD, Windchill for PLM, Codebeamer for application lifecycle management, and ThingWorx for industrial connectivity and application development.