Alliance Wealth Advisors LLC UT Acquires 146 Shares of PTC Inc. (NASDAQ:PTC)

Alliance Wealth Advisors LLC UT increased its holdings in PTC Inc. (NASDAQ:PTC) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,819 shares of the technology company’s stock after purchasing an additional 146 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in PTC were worth $668,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CWM LLC increased its position 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 last quarter. Czech National Bank increased its position in PTC by 64.7% during the third quarter. Czech National Bank now owns 20,769 shares of the technology company’s stock valued at $2,943,000 after acquiring an additional 8,160 shares during the last quarter. Asset Management One Co. Ltd. increased its position in PTC by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 46,387 shares of the technology company’s stock valued at $6,572,000 after acquiring an additional 919 shares during the last quarter. Ballentine Partners LLC bought a new position in PTC during the third quarter valued at $245,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in PTC by 14.0% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,988 shares of the technology company’s stock valued at $6,232,000 after acquiring an additional 5,400 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC traded up $1.11 during midday trading on Friday, hitting $180.99. The company’s stock had a trading volume of 742,701 shares, compared to its average volume of 657,853. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The firm’s 50 day moving average is $183.55 and its 200-day moving average is $170.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $21.64 billion, a P/E ratio of 91.87, a P/E/G ratio of 3.21 and a beta of 1.17.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $538.59 million. Equities analysts anticipate that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PTC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. Robert W. Baird reissued an “outperform” rating and set a $210.00 target price on shares of PTC in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their target price on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. KeyCorp boosted their target price on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Oppenheimer boosted their target price on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.40.

Insiders Place Their Bets

In other 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 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other 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 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 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. Corporate insiders own 1.17% of the company’s stock.

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.