Dohj LLC Acquires Shares of 2,297 PTC Inc. (NASDAQ:PTC)

Dohj LLC acquired a new stake in PTC Inc. (NASDAQ:PTC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,297 shares of the technology company’s stock, valued at approximately $402,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after acquiring an additional 859,227 shares during the last quarter. Barclays PLC grew its stake in PTC by 67.0% in the third quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock valued at $97,975,000 after acquiring an additional 277,358 shares during the period. Jennison Associates LLC acquired a new position in PTC in the third quarter valued at about $39,054,000. Assenagon Asset Management S.A. boosted its position in shares of PTC by 1,675.0% during the third quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company’s stock worth $34,559,000 after buying an additional 230,179 shares during the period. Finally, Northern Trust Corp boosted its position in shares of PTC by 15.6% during the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after buying an additional 168,917 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other PTC news, insider Catherine Kniker sold 1,330 shares of the firm’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 sale, 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 document filed with the SEC, which is available at the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the firm’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 sale, 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. Over the last quarter, 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 research analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Barclays upped their target price on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Oppenheimer upped their target price on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. KeyCorp upped their target price on PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $202.40.

PTC Stock Performance

Shares of NASDAQ PTC traded up $1.11 during trading hours on Friday, reaching $180.99. 742,701 shares of the stock were exchanged, compared to its average volume of 657,853. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of 91.87, a P/E/G 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 52 week low of $120.62 and a 52 week high of $194.24. The stock’s fifty day simple moving average is $183.55 and its 200 day simple moving average is $170.05.

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

PTC Company 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.