Empowered Funds LLC Acquires 279 Shares of PTC Inc. (NASDAQ:PTC)

Empowered Funds LLC boosted its holdings in PTC Inc. (NASDAQ:PTC) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,423 shares of the technology company’s stock after buying an additional 279 shares during the period. Empowered Funds LLC’s holdings in PTC were worth $446,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTC. Fernbridge Capital Management LP raised its stake in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares during the last quarter. Congress Asset Management Co. raised its position in shares of PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock valued at $119,746,000 after buying an additional 586,443 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in shares of PTC during the third quarter valued at about $84,549,000. Massachusetts Financial Services Co. MA grew its position in PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after buying an additional 150,652 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after buying an additional 135,677 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 860 shares of PTC stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now directly owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,539 shares of company stock worth $3,301,697 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC opened at $169.92 on Thursday. The stock has a market capitalization of $20.44 billion, a P/E ratio of 52.44, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The firm has a 50 day moving average of $184.34 and a 200-day moving average of $183.30.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Royal Bank of Canada upped their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. KeyCorp raised their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

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.