Cibc World Markets Corp Acquires 2,675 Shares of PTC Inc. (NASDAQ:PTC)

Cibc World Markets Corp increased its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,976 shares of the technology company's stock after buying an additional 2,675 shares during the period. Cibc World Markets Corp's holdings in PTC were worth $3,489,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG grew its position in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after acquiring an additional 55 shares in the last quarter. Wedmont Private Capital lifted its stake in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP boosted its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares during the period. Otter Creek Advisors LLC grew its stake in shares of PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock valued at $3,527,000 after buying an additional 80 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC increased its holdings in shares of PTC by 3.2% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock worth $542,000 after buying an additional 91 shares during the period. Institutional investors own 95.14% of the company's stock.

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Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's 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 completion of the sale, the director now directly owns 7,604 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PTC. KeyCorp increased their target price on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus increased 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. Finally, Citigroup decreased their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $210.09.

PTC Stock Up 0.8 %

Shares of PTC stock traded up $1.35 during mid-day trading on Tuesday, reaching $162.80. 966,832 shares of the company's stock traded hands, compared to its average volume of 819,323. 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 company's 50-day moving average price is $171.95 and its 200-day moving average price is $181.25. The company has a market cap of $19.59 billion, a P/E ratio of 50.25, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 12 month low of $151.80 and a 12 month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC 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.