Blueshift Asset Management LLC Takes $1.15 Million Position in PTC Inc. (NASDAQ:PTC)

Blueshift Asset Management LLC purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,256 shares of the technology company's stock, valued at approximately $1,150,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Assetmark Inc. raised its stake in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after acquiring an additional 297 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC in the 3rd quarter worth approximately $66,000. Smartleaf Asset Management LLC raised its holdings in shares of PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after acquiring an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of PTC in the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Up 1.0 %

PTC stock traded up $1.61 during trading on Monday, hitting $161.45. 582,865 shares of the company's stock traded hands, compared to its average volume of 819,428. 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 $19.43 billion, a P/E ratio of 49.83, a PEG ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1 year low of $151.80 and a 1 year high of $203.09. The business has a fifty day simple moving average of $171.95 and a two-hundred day simple moving average of $181.25.

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PTC (NASDAQ:PTC - Get Free Report) last released its quarterly 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 anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity

In related 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 completion of the transaction, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. KeyCorp increased their target price on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. 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, Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and an average price target 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.