KLP Kapitalforvaltning AS purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,900 shares of the technology company's stock, valued at approximately $7,153,000.
Other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company's stock worth $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC lifted its holdings in shares of PTC by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company's stock valued at $533,341,000 after purchasing an additional 37,645 shares in the last quarter. Fernbridge Capital Management LP boosted its position in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after buying an additional 650,990 shares during the period. Franklin Resources Inc. grew its holdings in shares of PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock worth $203,463,000 after buying an additional 30,525 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in PTC by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,962 shares of the technology company's stock valued at $151,134,000 after buying an additional 36,231 shares during the last quarter. Institutional investors own 95.14% of the company's stock.
PTC Stock Performance
Shares of NASDAQ PTC traded down $5.51 during midday trading on Friday, hitting $154.80. 975,994 shares of the company's stock were exchanged, compared to its average volume of 851,213. PTC Inc. has a 12 month low of $151.80 and a 12 month high of $203.09. The company's 50 day moving average price is $169.84 and its 200 day moving average price is $180.87. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.63 billion, a PE ratio of 47.78, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.
PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 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%. As a group, analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Insider Buying and Selling at PTC
In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on PTC. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and an average target price of $210.09.
Get Our Latest Research Report on PTC
PTC Company Profile
(
Free Report)
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.
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