3,532 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Allstate Corp

Allstate Corp purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,532 shares of the technology company's stock, valued at approximately $649,000.

Other large investors also recently modified their holdings of the company. DnB Asset Management AS lifted its holdings in PTC by 1.8% during the 4th quarter. DnB Asset Management AS now owns 20,239 shares of the technology company's stock worth $3,721,000 after buying an additional 358 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of PTC by 16.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,603 shares of the technology company's stock worth $1,214,000 after acquiring an additional 952 shares during the period. New Age Alpha Advisors LLC bought a new stake in PTC in the fourth quarter valued at approximately $77,000. Norges Bank bought a new stake in PTC in the fourth quarter valued at approximately $128,852,000. Finally, Blair William & Co. IL raised its holdings in PTC by 6.2% during the 4th quarter. Blair William & Co. IL now owns 2,727 shares of the technology company's stock worth $501,000 after purchasing an additional 159 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Price Performance

Shares of NASDAQ PTC traded up $0.96 during midday trading on Wednesday, hitting $157.16. 692,119 shares of the company's stock were exchanged, compared to its average volume of 856,777. The business's fifty day moving average price is $168.55 and its two-hundred day moving average price is $180.83. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 2.27 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $150.17 and a 12-month high of $203.09.

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PTC (NASDAQ:PTC - Get Free Report) last released 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%. As a group, research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PTC shares. Citigroup dropped their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $210.09.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated 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 owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale 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.

About PTC

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.