Dohj LLC Invests $402,000 in PTC Inc. (NASDAQ:PTC)

Dohj LLC acquired a new position in PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,297 shares of the technology company’s stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC raised its holdings in PTC by 6.9% during the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after acquiring an additional 75 shares during the period. Fiera Capital Corp increased its holdings in shares of PTC by 2.6% in the third quarter. Fiera Capital Corp now owns 3,490 shares of the technology company’s stock worth $494,000 after purchasing an additional 90 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of PTC by 108.3% in the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the last quarter. Logan Capital Management Inc. increased its holdings in shares of PTC by 1.2% in the third quarter. Logan Capital Management Inc. now owns 7,914 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 92 shares during the last quarter. Finally, Weil Company Inc. increased its holdings in shares of PTC by 0.6% in the third quarter. Weil Company Inc. now owns 16,544 shares of the technology company’s stock worth $2,344,000 after purchasing an additional 104 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,415 shares of company stock valued at $6,457,478. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Up 0.6 %

NASDAQ:PTC traded up $1.11 during trading hours on Friday, reaching $180.99. The company’s stock had a trading volume of 742,701 shares, compared to its average volume of 657,853. The stock has a 50 day moving average price of $183.55 and a two-hundred day moving average price of $170.05. The company has a market capitalization of $21.64 billion, a P/E ratio of 91.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. PTC Inc. has a 12 month low of $120.62 and a 12 month high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. Equities analysts predict that PTC Inc. will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 target price on shares of PTC in a report on Thursday, February 1st. KeyCorp boosted their target price on PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Robert W. Baird restated an “outperform” rating and set a $210.00 target price on shares of PTC in a research report on Tuesday, April 2nd. Oppenheimer boosted their price target on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Piper Sandler boosted their price target on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.40.

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.