Insight Holdings Group LLC Has $13.59 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Insight Holdings Group LLC lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 11.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 77,700 shares of the technology company’s stock after buying an additional 7,900 shares during the quarter. PTC comprises about 0.3% of Insight Holdings Group LLC’s portfolio, making the stock its 22nd largest holding. Insight Holdings Group LLC owned approximately 0.06% of PTC worth $13,594,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in PTC by 10.4% during the third quarter. Principal Financial Group Inc. now owns 143,588 shares of the technology company’s stock worth $20,344,000 after acquiring an additional 13,536 shares during the period. Capula Management Ltd bought a new position in PTC during the third quarter worth about $213,000. Ieq Capital LLC increased its position in PTC by 59.9% during the third quarter. Ieq Capital LLC now owns 3,272 shares of the technology company’s stock worth $464,000 after acquiring an additional 1,226 shares during the period. Lincoln National Corp bought a new position in PTC during the third quarter worth about $207,000. Finally, Victory Capital Management Inc. increased its position in PTC by 14.6% during the third quarter. Victory Capital Management Inc. now owns 73,452 shares of the technology company’s stock worth $10,407,000 after acquiring an additional 9,381 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC stock traded up $0.40 during midday trading on Friday, hitting $183.00. 550,430 shares of the company traded hands, compared to its average volume of 851,784. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 76.57, a PEG ratio of 3.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s fifty day moving average price is $182.43 and its 200-day moving average price is $175.57. PTC Inc. has a 12 month low of $129.91 and a 12 month high of $194.24.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. As a group, sell-side analysts forecast that PTC Inc. will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 target price on shares of PTC in a report on Thursday, February 1st. BMO Capital Markets raised their target price on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Barclays raised their target price on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.64.

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.