Arrowstreet Capital Limited Partnership boosted its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6,098.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,034 shares of the technology company's stock after buying an additional 76,775 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.06% of PTC worth $14,348,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares during the period. Assetmark Inc. lifted its holdings in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in PTC during the 4th quarter valued at about $77,000. Smartleaf Asset Management LLC lifted its stake in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after purchasing an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of PTC during the 4th quarter worth approximately $84,000. Institutional investors own 95.14% of the company's stock.
Insiders Place Their Bets
In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.
PTC Stock Down 0.1 %
Shares of PTC stock traded down $0.08 during trading hours on Monday, reaching $139.69. 1,768,219 shares of the company's stock were exchanged, compared to its average volume of 866,377. PTC Inc. has a fifty-two week low of $134.67 and a fifty-two week high of $203.09. The stock's 50 day moving average is $166.16 and its 200-day moving average is $180.28. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.81 billion, a price-to-earnings ratio of 43.11, a P/E/G ratio of 2.27 and a beta of 1.17.
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%. Analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
PTC has been the subject of several research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Citigroup lowered 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. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC has an average rating of "Moderate Buy" and an average target price of $210.09.
Check Out Our Latest Analysis 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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