Otter Creek Advisors LLC Has $3.53 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Otter Creek Advisors LLC lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,181 shares of the technology company’s stock after buying an additional 80 shares during the period. PTC makes up 2.4% of Otter Creek Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Otter Creek Advisors LLC’s holdings in PTC were worth $3,527,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new position in PTC in the fourth quarter valued at approximately $8,858,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of PTC by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 46,600 shares of the technology company’s stock valued at $8,568,000 after purchasing an additional 800 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of PTC by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 16,159 shares of the technology company’s stock worth $2,971,000 after buying an additional 124 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new stake in shares of PTC during the 4th quarter worth $203,000. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of PTC by 3.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock worth $542,000 after buying an additional 91 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Up 0.2 %

Shares of NASDAQ:PTC opened at $163.03 on Thursday. The business’s 50-day moving average is $180.94 and its 200-day moving average is $183.08. PTC Inc. has a 1 year low of $160.53 and a 1 year high of $203.09. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 50.32, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on PTC. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and lowered their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.