Congress Asset Management Co. Has $123.69 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Congress Asset Management Co. raised its position in PTC Inc. (NASDAQ:PTC - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 672,686 shares of the technology company's stock after buying an additional 9,860 shares during the period. Congress Asset Management Co. owned 0.56% of PTC worth $123,687,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTC. Fernbridge Capital Management LP lifted its position in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after purchasing an additional 650,990 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of PTC during the third quarter worth approximately $84,549,000. Massachusetts Financial Services Co. MA lifted its position in shares of PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company's stock worth $167,012,000 after purchasing an additional 150,652 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after buying an additional 135,677 shares during the period. Finally, State Street Corp lifted its holdings in PTC by 2.7% in the third quarter. State Street Corp now owns 5,076,319 shares of the technology company's stock valued at $917,088,000 after buying an additional 133,370 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 0.5 %

Shares of PTC stock traded down $0.87 during trading hours on Wednesday, hitting $169.92. 975,153 shares of the company were exchanged, compared to its average volume of 1,124,654. The business has a 50 day moving average of $185.53 and a two-hundred day moving average of $183.41. 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 52 week low of $163.30 and a 52 week high of $203.09. The company has a market capitalization of $20.44 billion, a PE ratio of 52.44, a PEG ratio of 2.34 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PTC. JPMorgan Chase & Co. increased their price objective on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and cut their price objective for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird increased their price objective on shares of PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, PTC currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.09.

Insider Buying and Selling

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the sale, the chief financial officer now owns 57,134 shares in the company, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction 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 of the company's stock, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by insiders.

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.