PTC Inc. (NASDAQ:PTC) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 110.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,674 shares of the technology company's stock after purchasing an additional 46,017 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of PTC worth $16,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PTC. Covestor Ltd raised its position in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 80 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of PTC by 66.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company's stock valued at $42,000 after buying an additional 93 shares during the period. Brooklyn Investment Group purchased a new position in PTC in the third quarter worth approximately $66,000. Park Place Capital Corp purchased a new stake in PTC in the third quarter valued at $67,000. Finally, Resources Management Corp CT ADV lifted its stake in shares of PTC by 95.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company's stock valued at $130,000 after purchasing an additional 348 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Trading Up 0.4 %

Shares of PTC stock traded up $0.82 during mid-day trading on Friday, reaching $187.79. The company's stock had a trading volume of 612,372 shares, compared to its average volume of 654,261. The company's 50 day simple moving average is $191.52 and its 200-day simple moving average is $182.98. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The firm has a market capitalization of $22.60 billion, a PE ratio of 60.38, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18.

Analyst Ratings Changes

PTC has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Robert W. Baird increased their price target on shares of PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted 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. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $207.54.

Insider Activity

In related news, Director Corinna Lathan sold 860 shares of PTC stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at $1,368,600. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is currently owned by company insiders.

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.