Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,841 shares of the technology company's stock, valued at approximately $522,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the period. Assetmark Inc. lifted its position in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of PTC during the third quarter valued at $66,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 PTC during the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 95.14% of the company's stock.
PTC Stock Performance
Shares of NASDAQ:PTC traded down $0.65 during trading on Wednesday, hitting $162.15. The stock had a trading volume of 643,327 shares, compared to its average volume of 818,580. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $151.80 and a 12-month high of $203.09. The stock has a market capitalization of $19.51 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The stock has a 50-day simple moving average of $171.50 and a two-hundred day simple moving average of $181.24.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
PTC has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $210.09.
Get Our Latest Stock Report on PTC
Insider Transactions at PTC
In other news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.32% of the company's stock.
About PTC
(
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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