TFO Wealth Partners LLC Increases Stock Holdings in PTC Inc. (NASDAQ:PTC)

TFO Wealth Partners LLC boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 63,300.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,170 shares of the technology company’s stock after acquiring an additional 3,165 shares during the period. TFO Wealth Partners LLC’s holdings in PTC were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares during the period. Resources Management Corp CT ADV increased its holdings in shares of PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. purchased a new stake in shares of PTC in the fourth quarter worth $46,000. Van ECK Associates Corp boosted its stake in PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock valued at $92,000 after buying an additional 108 shares during the period. Finally, GAMMA Investing LLC purchased a new position in PTC during the fourth quarter worth about $124,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity at PTC

In related news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction that occurred 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 owns 53,148 shares in the company, valued at $9,734,056.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.17% of the stock is owned by company insiders.

PTC Stock Performance

PTC stock opened at $173.86 on Friday. The company has a market capitalization of $20.81 billion, a PE ratio of 72.75, a P/E/G ratio of 3.33 and a beta of 1.19. PTC Inc. has a twelve month low of $131.45 and a twelve month high of $194.24. The firm has a fifty day simple moving average of $181.70 and a two-hundred day simple moving average of $176.18. 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 (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The business had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. Research analysts expect that PTC Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays raised their price target on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. BMO Capital Markets increased their price target on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.64.

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.