Cookson Peirce & Co. Inc. Grows Position in PTC Inc. (NASDAQ:PTC)

Cookson Peirce & Co. Inc. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,141 shares of the technology company’s stock after purchasing an additional 396 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in PTC were worth $375,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of 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 in the last quarter. Stephens Inc. AR raised its holdings in shares of PTC by 25.7% during the first quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock valued at $51,000 after acquiring an additional 82 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of PTC by 5.0% during the second quarter. Bleakley Financial Group LLC now owns 1,791 shares of the technology company’s stock valued at $255,000 after acquiring an additional 85 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of PTC by 3.2% during the third quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock valued at $408,000 after acquiring an additional 90 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of PTC by 2.6% during the third quarter. Fiera Capital Corp now owns 3,490 shares of the technology company’s stock valued at $494,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s 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 owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is currently owned by company insiders.

PTC Stock Up 0.4 %

Shares of PTC opened at $178.62 on Wednesday. The business’s 50 day moving average is $183.79 and its 200 day moving average is $168.28. The company has a market capitalization of $21.35 billion, a PE ratio of 90.67, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17. PTC Inc. has a 12-month low of $120.62 and a 12-month high of $194.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last released its quarterly earnings data 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. PTC had a return on equity of 12.87% and a net margin of 10.86%. The business had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. Research analysts expect that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Barclays increased their price objective on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $210.00 price objective on shares of PTC in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets increased their price objective on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.73.

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.