State of New Jersey Common Pension Fund D Acquires 992 Shares of PTC Inc. (NASDAQ:PTC)

State of New Jersey Common Pension Fund D increased its holdings in PTC Inc. (NASDAQ:PTC) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 61,697 shares of the technology company’s stock after buying an additional 992 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of PTC worth $10,795,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CWM LLC boosted its position in PTC by 6.9% in the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after purchasing an additional 75 shares during the last quarter. Avior Wealth Management LLC boosted its position in PTC by 3.2% in the third quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock worth $408,000 after purchasing an additional 90 shares during the last quarter. DeDora Capital Inc. boosted its position in PTC by 64.3% in the third quarter. DeDora Capital Inc. now owns 2,773 shares of the technology company’s stock worth $393,000 after purchasing an additional 1,085 shares during the last quarter. Oak Thistle LLC boosted its position in PTC by 452.3% in the third quarter. Oak Thistle LLC now owns 10,460 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 8,566 shares during the last quarter. Finally, Czech National Bank boosted its position in PTC by 64.7% in the third quarter. Czech National Bank now owns 20,769 shares of the technology company’s stock worth $2,943,000 after purchasing an additional 8,160 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The transaction 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 stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,415 shares of company stock worth $6,457,478. Company insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PTC. KeyCorp raised their target price on PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Mizuho lifted their price objective on PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Friday, April 12th. Oppenheimer lifted their price objective on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Piper Sandler upped their price target on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.40.

PTC Price Performance

Shares of PTC traded down $0.62 during mid-day trading on Thursday, hitting $179.88. 953,897 shares of the stock were exchanged, compared to its average volume of 826,715. The company has a market cap of $21.50 billion, a PE ratio of 91.62, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. PTC Inc. has a 52-week low of $120.62 and a 52-week high of $194.24. The firm has a 50-day moving average of $183.53 and a two-hundred day moving average of $169.70. 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 (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. On average, equities analysts predict that PTC Inc. will post 3.47 earnings per share for the current year.

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.