WINTON GROUP Ltd Buys New Stake in PTC Inc. (NASDAQ:PTC)

WINTON GROUP Ltd purchased a new position in PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,555 shares of the technology company’s stock, valued at approximately $5,434,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PTC. D1 Capital Partners L.P. purchased a new stake in shares of PTC in the third quarter worth about $84,549,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of PTC by 5.0% during 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 acquiring an additional 9,893 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of PTC in the fourth quarter valued at $1,113,000. Finally, Proficio Capital Partners LLC bought a new stake in PTC in the fourth quarter worth $8,858,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

PTC stock opened at $162.15 on Thursday. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 2.27 and a beta of 1.22. The business’s fifty day simple moving average is $171.03 and its two-hundred day simple moving average is $181.11. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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%. Analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PTC shares. Citigroup lowered their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction 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 directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

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.