Marshall Wace LLP Makes New $10.02 Million Investment in PTC Inc. (NASDAQ:PTC)

Marshall Wace LLP bought a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,512 shares of the technology company's stock, valued at approximately $10,023,000.

A number of other hedge funds have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter valued at about $30,000. Allworth Financial LP increased its position in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. raised its stake in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of PTC during the 4th quarter valued at approximately $77,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company's stock.

PTC Trading Up 2.7 %

Shares of PTC stock traded up $3.94 during mid-day trading on Thursday, hitting $151.64. The stock had a trading volume of 787,431 shares, compared to its average volume of 875,416. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The firm has a 50-day moving average of $155.15 and a two-hundred day moving average of $176.66. The firm has a market cap of $18.25 billion, a P/E ratio of 46.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PTC. BMO Capital Markets reduced their price objective on shares of PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Finally, KeyCorp dropped their price target on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $192.08.

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.