Callan Family Office LLC Makes New Investment in PTC Inc. (NASDAQ:PTC)

Callan Family Office LLC purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,132 shares of the technology company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. E Fund Management Co. Ltd. lifted its holdings in PTC by 39.9% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,399 shares of the technology company's stock valued at $441,000 after purchasing an additional 684 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in PTC in the fourth quarter worth $309,000. Raymond James Financial Inc. bought a new stake in shares of PTC during the fourth quarter worth $146,712,000. Arizona State Retirement System raised its holdings in shares of PTC by 1.6% in the fourth quarter. Arizona State Retirement System now owns 34,866 shares of the technology company's stock valued at $6,411,000 after buying an additional 559 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of PTC in the fourth quarter worth about $8,858,000. Institutional investors own 95.14% of the company's stock.

PTC Stock Down 2.4 %

PTC stock traded down $3.70 during mid-day trading on Thursday, reaching $153.30. The company had a trading volume of 1,361,401 shares, compared to its average volume of 814,076. PTC Inc. has a 52 week low of $151.78 and a 52 week high of $203.09. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $175.33 and a two-hundred day simple moving average of $181.91.

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

Analyst Ratings Changes

PTC has been the topic of several research reports. Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. KeyCorp increased their price target on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. Finally, Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.09.

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.